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Breaking News Home | All | Religion | Society | Tech | Choice | SA Newsroom
FRONT PAGE  |  6/25/2019
WEDNESDAY, FEB 6, 2019  |  2 comments
Cuomo blames federal tax law for $2.3 billion New York budget deficit
Trump's 2017 act was not the sole cause of New York's budget fiasco, Cuomo said. He added that the stock market drop in December may have had an impact, and also struck a blow to the bonuses given to Wall Street traders, which adds a considerable amount to the state's annual tax collections. Cuomo warned against imposing increased taxes on the wealthy in New York as a solution, which is already home to the nation's second-highest taxes on millionaires, according to North Country Public Radio.

“This is the flip side," Cuomo said. "Tax the rich, tax the rich, tax the rich. The rich leave, and now what do you do?” ...


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www.foxnews.com

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· Page 1 ·  Found: 2 user comment(s)
News Item2/7/19 5:17 AM
B. McCausland  Find all comments by B. McCausland
Just a Guy wrote:
Good...
1. Why should rich people be penalized for making money? What will encourage the rest of Americans to work to get more money if, all that will happen, is their money gets taken away?

2. It's a good thing that they are short of money. I only wish the all the state's would be short on funds. Then they will be forced to cut spending on the useless and wasteful things that they spend money on.

1. This is socialism, a way of eroding classes leveling all citizens to a minimal surviving existence, creating a state of serfdom of all the population against the high class of the bureaucrats of the state.

2. No, the state will not run ever out of money; it only needs to invent a new tax, or increase any of the existing ones.

2

News Item2/6/19 3:16 PM
Just a Guy | Mississippi  Find all comments by Just a Guy
Good...

Why should rich people be penalized for making money? What will encourage the rest of Americans to work to get more money if, all that will happen, is their money gets taken away?

It's a good thing that they are short of money. I only wish the all the state's would be short on funds. Then they will be forced to cut spending on the useless and wasteful things that they spend money on.

1
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