Senator Schumer excoriated the panel and its suggestions yesterday, saying: "It is hard to conceive of something that could hurt New York more." Mr. Schumer sits on the Senate's Finance Committee, which has oversight of taxes and would have to approve any proposed reform before it could become law.Why is it that New Yorkers pay such high taxes??? Yes why?
In a statement released yesterday afternoon, Mr. Schumer called the proposed elimination of the deduction "a dagger to the heart of the people of New York," pledging: "We will do everything in our power to defeat this pernicious proposal," which, the senator said, would result in an additional $12 billion a year paid by New York taxpayers.
Mr. Schumer's colleague, Senator Clinton, joined in the criticism, saying in a statement: "It is very troubling to hear that the president's tax reform panel has recommended the elimination of a tax benefit for over 3.2 million New York families who are disproportionately burdened by high property and state income taxes." Neither she nor Mr. Schumer offered alternative plans to address why New York families are "disproportionately burdened by high property and state income taxes."
Wednesday, October 19, 2005
New Yorkers React To Tax Code Changes
The New York Sun reports not everyone is happy with what maybe coming: