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Gov. David Paterson unveils dire New York State budget that includes new taxes, layoffs and cuts
Gov. David Paterson unveils dire New York State budget that includes new taxes, layoffs and cuts
"We're going to have to take some extreme measures," Paterson said Tuesday after unveiling the slash-and-burn budget.
The proposal, which needs legislative approval, did not include broad-based income tax increases, but relied on smaller ones to raise $4.1 billion from cash-strapped New Yorkers.
Movie tickets, taxi rides, soda, beer, wine, cigars and massages would be taxed under Paterson's proposal. It also extends sales taxes to cable and satellite TV services and removes the tax exemption for clothes costing less than $110.
"The governor is nickel-and-diming working class families," said Ron Deutsch, executive director of New Yorkers for Fiscal Fairness, an advocacy group
Additional items the state is considering raising fees and taxes on:
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An "iPod tax" that charges state and local sales tax for "digitally delivered entertainment services" - in other words, that new Beyonce song you download.
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State sales tax at movie theaters, sporting events, taxis, buses, limousines and cable and satellite TV and radio.
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Costlier driving with the repeal of the 8-cents-per-gallon sales tax cap on motor and diesel motor fuel, plus and increase in the auto rental tax.
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Tuition increases at SUNY and CUNY, $620 and $600 a year respectively.
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A 50 cent tax on cigars. The current tax is equal to 37% of the wholesale price, or 34 cents a cigar.
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No more sales tax break on clothes and shoes worth $110 or less, except during two weeks a year.
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Higher taxes on wine, beer and flavored malt beverages. He would also impose an 18% tax on non-nutritional drinks like soda.
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The rich would pay more for luxury items through an additional 5% tax imposed on cars costing more than $60,000, aircraft costing more than $500,000, yachts costing at least $200,000 and jewelry and furs costing in excess of $20,000.
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In addition, a host of a fees, including those related to motor vehicle licensing and registration, parks and auto insurance, would go up, as would various state-imposed fines.
18% tax on soda, iPod tax, movie theater tax, sporting event tax, taxi tax, bus tax, limo tax, cable TV tax, radio tax, clothing tax...
What an asshole..... :lol:
Note no services are to be cut. (well except for the subways in NY after rates go up.)