Sunday, March 20, 2011

The New York Times Attacks Gov. Cuomo’s All-Cuts Budget

The editorial page of The New York Times attacks Gov. Andrew Cuomo:
Governor Cuomo has vowed to make the tough decisions and not to be swayed by special-interest pleadings. But he is refusing to impose any new taxes or even continue a current surcharge on New York’s wealthiest and least vulnerable citizens.

That makes no fiscal sense. So we have to assume that for Mr. Cuomo, some special interests are more special than others. Just extending the surcharge on New York’s highest earners through 2012 would add an estimated $1.2 billion in revenue to the upcoming budget and $4 billion the following fiscal year.
The New York Times thinks the status quo in New York is just fine!