Sentences with phrase «wealthy earners»

But he wants a guarantee that revenue would fund public transportation, and he said higher income taxes on wealthy earners might be a better way to raise the money.

The lower rates were a trade - off for an extension of the state's high tax rate on wealthy earners.

The Assembly proposal, introduced by Speaker Carl Heastie, keeps that rate, but progressively taxes further for wealthy earners beginning at $ 5 million.

New York state taxes wealthy earners at a higher rate.

The inclusion of extending high tax rates on wealthy earners in Gov. Andrew Cuomo's 2017 - 18 budget proposal has the potential to set up an ideological fight over economics with Republicans in the state Senate.

Hardest hit are the same wealthy earners that Paterson, Mayor Bloomberg, Cuomo and others have warned are preparing to pack their bags and leave the state under the pressure of New York's sky - high tax levy.

Cutting corporate tax rates can help wealthy earners.

That was likely an olive branch to de Blasio who is building a grassroots campaign to persuade Albany to allow him raise to $ 530 million by increasing city tax on wealthy earners.

Cuomo has insisted that extending high rates on wealthy earners is a key piece of his budget, which also includes a $ 961 million spending increase for education aid and a $ 163 million plan to phase out college tuition costs at state and city universities for those who earn less than $ 125,000.

Following a summer filled with terrible commutes, caused by everything from track fires to derailments, the mayor announced a proposal to fund the modernization of the subway system by taxing the city's wealthiest earners.

Sixty - four percent of registered voters who were surveyed said they support a proposal to increase taxes on the city's wealthiest earners, while only 21 percent favored tolling motorists entering Manhattan, according to the Quinnipiac University Poll released on Friday.

State Republican Party Chairman Ed Cox knocked President Barack Obama's proposal to raise taxes on the wealthiest earners, saying that he has failed to heed the message of the GOP victory in ninth congressional district.

Another interesting line is the money reported by the Strong Economy For All coalition, which really tapped into the Occupy movement and pushed hard for an extension of the state's tax on the wealthiest earners instead of spending cuts.

A higher tax rate for the wealthiest earners has continued under Cuomo and no other major tax breaks for those filers are apparent.

That doesn't consider the number of wealthy earners and high - value homes in New York state, which inflate the revenue collected by state and local governments.

Some wealthy earners also have lower state income tax rates today than when Cuomo took office.