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Millionaire’s Tax

By The Editors 12/07/11 7:54am

opinion

Quinn’s Test of Leadership

The millionaire’s tax—which places a surcharge on people who are not millionaires—isn’t the only poorly named piece of legislation under debate in New York. The City Council recently held hearings on a terrible government mandate called the “living wage” bill. The bill would force private companies working on government-subsidized construction projects to pay employees $10 per hour plus health benefits, or $11.50 without benefits. The minimum wage currently is $7.25.

The “living wage” bill would be, in fact, a job-destruction bill. Read More

By The Editors 3/15/11 11:46pm

Editorial

The Millionaire’s Tax: Kill It, Now

Just when you thought that common sense might prevail in Albany, Assembly Speaker Sheldon Silver is pushing a modified version of the so-called "millionaire's tax" in an effort to avoid hard but necessary cuts in wasteful state spending. Mr. Silver's gambit no doubt will please many members of his Democratic caucus, but the state's top Read More

By The Editors 3/02/11 12:34am

Editorial

Silver’s Courageous Concession Is a Breath of Fresh Air

Times like these should bring out the better instinct of our elected officials. Unfortunately, as we know, that's not always the case. Some Republicans on Capitol Hill seem determined to shut down the federal government just to make a point. Some Democrats are demanding even higher taxes, especially on a group loosely defined as "rich." Read More

By Jimmy Vielkind 3/03/09 5:05pm

A Labor Union Is Back to Praising Diaz

ALBANY—Remember the olden days of last year, when labor unions were sending mailers attacking State Senator Ruben Diaz Sr.? Now he's their man of the hour. SEIU 1199 is sending the flier at right into Diaz's district, thanking him for this support of a tax on higher income earners that 1199, along with many other Read More

By Jimmy Vielkind 2/24/09 7:13pm

Silver Says He ‘Might Be’ Affected by Tax on High Earners

ALBANY—As public support for a millionaire's tax continues to be demonstrated in the polls, I asked one of its principal proponents, Assembly Speaker Sheldon Silver, if he himself would wind up paying more in taxes if it—or other similar plans—were implemented. "I might be affected by the lower end, rather than the higher end," Silver Read More

By Jimmy Vielkind 2/10/09 6:24pm

Paterson Vows to Veto Millionaire’s Tax Unless He Doesn’t

COLONIE—David Paterson said that he would veto a tax increase on high-income earners--if it came before sufficient spending cuts were made.

"What I'm hearing is--that this is a different way to substitute the necessity of spending cuts--is not helping to reduce the state deficit," he said to reporters after speaking to a conference of the Read More

By Azi Paybarah 5/02/08 3:32pm

Tom Duane and Millionaires

At a community meeting in Chelsea last night about local transportation issues, State Senator Tom Duane went off-topic and reiterated his support for the millionaires tax.Noting that he "never got a thank-you note" from any millionaires after George Pataki's tax cuts, he went on to wonder why upstate Republican representatives are opposed to it, since Read More