Silver: Siena Poll Proves I’m Right
Bouyed by this morning’s Siena poll that shows overwhelming support among New York voters for taxing the rich, Assembly Speaker Sheldon Silver just issued the following statement:
“The results of today’s Siena College poll is further evidence that New Yorkers do not think millionaires and multi-millionaires should be getting a tax cut while working people are sacrificing and vital services are being cut. I remain firmly committed to this principle and I am hopeful that our partners in government will agree to the Assembly’s proposal to keep the current tax rates in place through next year for those making more than $1 million.”
Silver has made it clear he plans to push hard for the millionaire’s tax in the 2012-2013 budget talks, but also said he won’t hold up the process to get it. (Not that he has much choice in the matter, unless he wants to risk a government shut-down, thanks to the all-or-nothing budget extender option pioneered by former Gov. David Paterson).
The current PIT increase, which was put into place there years ago after a period of objection by Paterson, is scheduled to sunset at the end of December. The threshold was actually quite low ($250,000 a year for individuals), and that has raised objections from downstaters, since that’s not considered rich by NYC standards. (The same argument was made – successfully – in response to the Obama jobs plan by Sen. Chuck Schumer).
Last year, the Assembly Democrats altered their proposal to be a “true” millionaire’s tax – one that only impacted those earning $1 million or more annually. There was some support among Senate Republicans, too. Sen. John Bonacic, a Hudson Valley GOP lawmaker, said he would put forward his own bill, but Senate Majority Leader Dean Skelos put the kibosh on that, and he remains opposed – as does Gov. Andrew Cuomo.
| Print article | This entry was posted by Liz Benjamin on October 17, 2011 at 1:02 pm, and is filed under 2012, Andrew Cuomo, Assembly, Millionaire's Tax, Sheldon Silver, State Budget. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed. |
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