Watch out New York, the taxman cometh
WOW. New York is looking at a serious budget shortfall, and rather than slashing taxes and fees NY governor David Paterson is going forward with his budget proposal to tax the ever-living snot out of New Yorkers:
Gov. Paterson's proposed $121 billion budget hits New Yorkers in their iPods - and nickels-and-dimes them in lots of other places, too.
Trying to close a $15.4 billion budget gap, Paterson called for 88 new fees and a host of other taxes, including an "iPod tax" that taxes the sale of downloaded music and other "digitally delivered entertainment services."
"We're going to have to take some extreme measures," Paterson said Tuesday after unveiling the slash-and-burn budget.
The proposal, which needs legislative approval, did not include broad-based income tax increases, but relied on smaller ones to raise $4.1 billion from cash-strapped New Yorkers.
Movie tickets, taxi rides, soda, beer, wine, cigars and massages would be taxed under Paterson's proposal. It also extends sales taxes to cable and satellite TV services and removes the tax exemption for clothes costing less than $110.
"The governor is nickel-and-diming working class families," said Ron Deutsch, executive director of New Yorkers for Fiscal Fairness, an advocacy group.
State Conservative Party Chairman Michael Long warned that reinstating the sales tax on clothing and shoes will drive people to New Jersey, where they will also gas up their cars and pick up their wine, spirits and soda because the prices are less due to lower taxes. "You're sending notice to the people of New York that we really don't want you here," Long said. "The governor proposed flat spending, but why not actually cut the budget before raising taxes and fees?"
Paterson's idiocy on this is astounding. Michael Long is correct in saying that the increases in taxes and fees will drive New Yorkers to neighboring New Jersey. Additionally, for those fees affecting TV usage, does he really think people will continue to use them in the fashion they are? Hell no they won't.
Again this lesson needs to be learned -- You can't tax yourself into prosperity. Cutting taxes and fees is the best way to generate revenue because with more money in their pockets the consumer will go out and spend more, fueling the economy. Businesses would have less taxes to pay which means they can expand more, add additional employees, and thrive under lower taxes.
Paterson has chosen to take the route that most Democrat politicians do, and that is to tax the Hell out of people and businesses believing that in doing so the money will roll in. Not true. When the consumer has less money to spend they'll hold onto it even tighter.
Publius II
Gov. Paterson's proposed $121 billion budget hits New Yorkers in their iPods - and nickels-and-dimes them in lots of other places, too.
Trying to close a $15.4 billion budget gap, Paterson called for 88 new fees and a host of other taxes, including an "iPod tax" that taxes the sale of downloaded music and other "digitally delivered entertainment services."
"We're going to have to take some extreme measures," Paterson said Tuesday after unveiling the slash-and-burn budget.
The proposal, which needs legislative approval, did not include broad-based income tax increases, but relied on smaller ones to raise $4.1 billion from cash-strapped New Yorkers.
Movie tickets, taxi rides, soda, beer, wine, cigars and massages would be taxed under Paterson's proposal. It also extends sales taxes to cable and satellite TV services and removes the tax exemption for clothes costing less than $110.
"The governor is nickel-and-diming working class families," said Ron Deutsch, executive director of New Yorkers for Fiscal Fairness, an advocacy group.
State Conservative Party Chairman Michael Long warned that reinstating the sales tax on clothing and shoes will drive people to New Jersey, where they will also gas up their cars and pick up their wine, spirits and soda because the prices are less due to lower taxes. "You're sending notice to the people of New York that we really don't want you here," Long said. "The governor proposed flat spending, but why not actually cut the budget before raising taxes and fees?"
Paterson's idiocy on this is astounding. Michael Long is correct in saying that the increases in taxes and fees will drive New Yorkers to neighboring New Jersey. Additionally, for those fees affecting TV usage, does he really think people will continue to use them in the fashion they are? Hell no they won't.
Again this lesson needs to be learned -- You can't tax yourself into prosperity. Cutting taxes and fees is the best way to generate revenue because with more money in their pockets the consumer will go out and spend more, fueling the economy. Businesses would have less taxes to pay which means they can expand more, add additional employees, and thrive under lower taxes.
Paterson has chosen to take the route that most Democrat politicians do, and that is to tax the Hell out of people and businesses believing that in doing so the money will roll in. Not true. When the consumer has less money to spend they'll hold onto it even tighter.
Publius II
posted by Syd And Vaughn | 9:57 AM
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