Sentences with phrase «new tax on high earners»

Not exact matches

Reducing tax liability is always important, and even more so since 2013, when rates on capital gains went up and a new tax on investment returns was imposed on some high earners.

Last year, Cuomo resisted de Blasio's push to allow New York City to raise taxes on high - income earners in order to fund a city - wide pre-Kindergarten program (In the end, Cuomo funded a statewide version without a surcharge).

The union also released the results of a poll conducted by National Opinion Research that found 63 percent of New Yorkers would prefer to see a temporary income tax increase on the state's highest earners (1 percent for those who make more than $ 1 million and 2 percent for those who make over $ 5 million) over education funding cuts of between $ 800 million and $ 1.4 million.

For instance, Skelos and Cuomo declared the state's so - called «millionaires» tax» dead in April 2011, only to reverse themselves and enact a new tax on high - income earners seven months later.

It doesn't help that New York's congressional delegation is dominated by cheerleaders for higher federal tax rates on the state's own high - income earners.

Many legislative Democrats, seeking to block Gov. Cuomo's efforts to cut spending to close a projected $ 10 billion deficit, have hoped the «millionaires tax» on high earners, which expires Dec. 31, would be renewed to raise more than $ 1 billion in the new fiscal year.

ALBANY — Assembly Speaker Sheldon Silver, desperate to find new revenues to avoid budget cuts, has secretly proposed a $ 1 billion tax hike on the highest income earners, The Post has learned.

Cuomo's plan includes $ 1 billion more for schools and the extension of an additional tax on New York's highest income earners, known as the millionaire's tax, in order to pay for education spending and close a $ 3.5 billion budget gap.

«Their powerful support for our children and families — combined with Speaker Silver and the state assembly's passage of a resolution last night that includes a funding stream in the form of a tax on the city's highest earners — represents a new consensus sweeping across this state.»

ALBANY — Governor Andrew Cuomo argued Wednesday that a state - funding mechanism for pre-kindergarten is more equitable for districts across the state than a competing proposal from New York City Mayor Bill de Blasio to fund his program with a tax on the city's highest earners.

Last year, the Assembly proposed applying the state's highest tax rate — 8.82 percent — on those earning more than $ 1 million, as well as creating new rates for higher wage earners.

Cuomo's budget includes some small fee increases and limits on deductions for high income earners, but no new taxes.

Democrats who dominate the State Assembly have proposed renewing a surcharge on top income earners that was first passed in 2009, and adding higher tax brackets for New Yorkers reporting between $ 5 and $ 10 million in income.

In 2007, the party abandoned its longstanding pledge to introduce a new 50p tax rate on the highest earners, and the following year called for a reduction in the overall burden of taxation.

And with the state facing a potential $ 4.4 billion budget deficit, the Assembly seeks to raise revenue by hiking taxes on those making at least $ 5 million by adding three new high - earner brackets.

Democrats who dominate the state Assembly are expected to argue, as Deutsch did, for raising taxes on the wealthy and perhaps creating new brackets to capture higher income earners.

A few hours after Governor Andrew Cuomo announced a new bipartisan tax - cutting commission yesterday, Bill de Blasio told reporters he doesn't have any contingency plan for his signature proposal to raise taxes on the city's highest earners.

«Moreover, downstate accounts for 92 percent of all personal income tax revenues generated by New York's highest earners, putting a disproportionate burden on the region that is producing the most jobs and economic growth for the state.»

NEW YORK, NY (12/06/2011)(readMedia)-- The New Deal for New York — a coalition of grassroots groups in Niagara Falls, Buffalo, Syracuse, Albany, Poughkeepsie, Newburgh, Yonkers, and New York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the staNEW YORK, NY (12/06/2011)(readMedia)-- The New Deal for New York — a coalition of grassroots groups in Niagara Falls, Buffalo, Syracuse, Albany, Poughkeepsie, Newburgh, Yonkers, and New York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the staNEW YORK, NY (12/06/2011)(readMedia)-- The New Deal for New York — a coalition of grassroots groups in Niagara Falls, Buffalo, Syracuse, Albany, Poughkeepsie, Newburgh, Yonkers, and New York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the staNew Deal for New York — a coalition of grassroots groups in Niagara Falls, Buffalo, Syracuse, Albany, Poughkeepsie, Newburgh, Yonkers, and New York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the staNew Deal for New York — a coalition of grassroots groups in Niagara Falls, Buffalo, Syracuse, Albany, Poughkeepsie, Newburgh, Yonkers, and New York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the staNew York — a coalition of grassroots groups in Niagara Falls, Buffalo, Syracuse, Albany, Poughkeepsie, Newburgh, Yonkers, and New York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the staNew York — a coalition of grassroots groups in Niagara Falls, Buffalo, Syracuse, Albany, Poughkeepsie, Newburgh, Yonkers, and New York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the staNew York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the staNew York City — today joined with allied organizations to support a progressive taxation plan that would create new tax brackets on the highest income earners and generate about $ 5 billion for the stanew tax brackets on the highest income earners and generate about $ 5 billion for the stanew tax brackets on the highest income earners and generate about $ 5 billion for the state.

That is why we should not accept Labour's new 50 % tax rate on the highest earners as a permanent feature of the tax system.

They say that New York is already over-taxed, and that taxes on the high earners will just drive them to leave the state and take their job - creating business with them.

New York was penalized in the report for imposing higher tax rates on upper - income earners, as well as high property taxes.

Witness his living wage campaign, his proposal for a high pay commission and his insistence on keeping the new top rate of tax for high earners.

«On the other hand, it should be noted that New York City is the primary source of surplus state revenues — largely generated by the income tax on high earners (the so - called «millionaires» tax»)- but New York City residents do not directly benefit from the commission's proposed use of $ 1 billion of this surplus for property tax reductions for suburban and upstate New YorkerOn the other hand, it should be noted that New York City is the primary source of surplus state revenues — largely generated by the income tax on high earners (the so - called «millionaires» tax»)- but New York City residents do not directly benefit from the commission's proposed use of $ 1 billion of this surplus for property tax reductions for suburban and upstate New Yorkeron high earners (the so - called «millionaires» tax»)- but New York City residents do not directly benefit from the commission's proposed use of $ 1 billion of this surplus for property tax reductions for suburban and upstate New Yorkers.

Cuomo appears to be winning the day on creating a statewide expansion of prekindergarten using state funds rather than a New York City tax increase on high earners pushed hard by Mayor Bill de Blasio.

Canvassers will talk to thousands of New Yorkers in State Senate and Assembly districts in Saratoga, Troy, Syracuse, Buffalo, Niagara Falls, Yonkers, Poughkeepsie, Newburgh, New York City and Long Island about how extending the additional income tax surcharge on the state's highest earners could prevent more drastic budget cuts, and create opportunities to invest in job creation and infrastructure in New York State.

Cuomo's plan includes $ 1 billion more for schools and the extension of an additional tax on New York's highest income earners, known as the millionaires» tax, to pay for education spending and close a $ 3.5 billion budget gap.

McDonald again took the opportunity to slam some Democratic candidates» call to raise taxes on high earners, touting his experience in helping the homeless in New York City by leading them to find work.

Returning to the campaign trail after a short holiday in Cornwall, Miliband has pledged to keep the bonus tax on bankers indefinitely alongside the new rate of 50p for high earners with salaries on or above # 150,000 — something that was only ever meant to be temporary when it was introduced.

Certainly, the motivation to keep working 50 or 60 - hour weeks only to be subject to a new 33 % federal tax on taxable incomes above $ 200,000 would be greatly diminished for at least some high - earners.