Media Coverage on the Yacht Tax Exemption
March 30, 2015. After the Fiscal Policy Institute issued a media release about the state budget including a sales tax exemption, some of the coverage by media outlets included:
“We were simply looking for things like property tax relief for regular folks and we found the yacht exemption. I think it is incredibly sad you have so many New Yorkers who are struggling and this government’s priorities are on a yacht tax credit.” Ron Deutsch, FPI.
“I guess the yacht lobby is stronger than people thought,” said Mike Murphy, a spokesman for the Senate’s Democratic conference. “It is outrageous that we are giving tax breaks to buy a yacht but couldn’t raise the minimum wage or provide real property tax relief.”
The measures angered those who favored raising the minimum wage or easing the burden of high property taxes as a means to help a broad cross-section of New Yorkers.