Gas Tax Holiday Not Ruled Out By Cuomo
A suspension of the state’s gas tax — a proposal that seems to come up in Albany whenever gasoline reaches an uncomfortable price — wasn’t completely ruled out by Gov. Andrew Cuomo today.
“You would have to look at the numbers,” Cuomo said when asked about the proposal, which was put out by Sen. Greg Ball, R-Putnam County and Assemblyman Jim Tedisco, R-Saratoga.
The lawmakers proposed this week to suspended the 8-cent excise tax, the 8-cent sales tax and the 17-cent petroleum business tax during the big summer holiday weekends: Memorial Day, Fourth of July and Labor Day. The state Conservative Party, which has been issuing Cuomo-friendly signals over the last several months, also got in on the act and issued a memo supporting the suspension.
Cuomo said he feared the impact of gasoline costs would have on the nascent economic rebound.
“I’m afraid of the possible effect it would have on the economic recovery,” Cuomo said. “But I would have to actually take a look at the numbers.”
A suspension of the state’s gasoline sales tax has been proposed off and on over the years, but has been shot down each time over the impact of revenue for the state.
| Print article | This entry was posted by Nick Reisman on April 27, 2011 at 4:34 pm, and is filed under Andrew Cuomo. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed. |
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