Hoping for a Millionaire's Tax in a Bad Budget Year
By Azi Paybarah | July 29, 2008 | 3:20 pm
The millionaire's tax was shot down earlier this year by David Paterson, but a senior economist at the Fiscal Policy Institute, Trudi Renwick, is hoping that it’ll be put back on the table in light of the fiscal crisis facing New York. It’s preferable because, she says, reducing state spending would be more damaging to the economy. “Cutting government spending is like knocking the economy when it’s down. Money spent by the government goes straight... READ MORE»
