Cuomo, Legislature Weighing Tax on Manhattan Pieds-à-Terre

March 8, 2019. Gov. Andrew M. Cuomo is considering a new tax that would hit the very rich who keep co-ops and condominiums in Manhattan for when they stopover for business or pleasure.

Some public policy advocates have referred to the pied-à-terre tax as the perfect tax because it can raise billions of dollars from people who are so wealthy that it might not matter much and don’t vote for city or state officials, anyway.

Cuomo’s plan, as with proposals by Sen. Brad Hoylman (D-Manhattan) and the labor-backed Fiscal Policy Institute, would tax property valued at $5 million and more.

Read the full Newsday article here.

Groups Lobby for Changes to State Budget to Help Low- and Middle-Income People

March 4, 2019. As New York lawmakers struggle over the proposed 2020 state budget, these are some of the issues that have prompted two organizations to partner for an awareness campaign that’s taking them throughout the state. Ron Deutsch, executive director of the Fiscal Policy Institute, Latham, and the Rev. Peter M. Cook, executive director of the state Council of Churches, are on a three-week tour of communities, large and small.

“We believe things have been askew,” Mr. Deutsch said. “The top 1 percent of New Yorkers get about a third of all the income.”

“We’re very concerned with a number of different issues,” Mr. Deutsch said. “One of which is the fact we live in a state where so few have so much and so many have so little.”

The childhood poverty rates in many of upstate cities is near, at or above 50 percent, according to data presented. Mr. Deutsch argued that property taxes are too high for the average person and for many seniors on fixed incomes.

Find the full article at the Watertown Daily Times.