Niagara ReporterNew York Governor Andrew Cuomo is under scrutiny by lawmakers in Albany, both Republican and Democrat, in the wake of his proposed 2018 budget which was released this past Tuesday.
The Governor’s proposed budget, totaling $168 billion dollars, was highlighted by an estimated $4 billion deficit and $586 million in new tax or fee revenue that he is relying on to bridge the gap.
“You can’t possibly get anywhere near where you want to be on education and health care unless you raise revenues,” said Governor Cuomo.
However, Republicans throughout the State are not sold. “If anything, this is a moment that provides us a chance at self-reflection to say we are a high-tax state. We need to do something now about it more than ever to protect our taxpayers,” said Sen. Robert Ortt.
One of the Governor’s proposals includes imposing a broader internet sales tax which would apply to large online marketplace companies such as eBay and Amazon. Under his plan, the online companies would be required to collect sales tax on any sale to a New York resident regardless of where the seller is based.
The full list of other taxes and fees proposed by Governor Cuomo include:
A full Increase the Vending Machine Sales Tax Exemption
Allow the Tax Department to Appeal Tax Appeals Tribunal Decisions
Clarify New York Residency Requirements for Tax Purposes
Impose an Internet Fairness Conformity Tax
Discontinue the Energy Services Sales Tax Exemption
Provide for Expedited Processing of Child Care Tax Credit Payments
Extend the Statute of Limitations on Amended Tax Returns
Allow Warrantless Tax Debt to be Assessed Against Unclaimed Funds
Improve Cigar Tax Enforcement
Defer Business Related Tax?Credit Claims
Impose a Health Tax on Vapor Products
Establish an Opioid Epidemic Surcharge
Simplify Video Lottery Gaming (VLG) Rate and Make Other Provisions
Impose a Vehicle Safety Inspection Fee
Modernize Highway Right of Way Fees
Impose a Healthcare Insurance Windfall Profit Fee
Beloved writer! Thanks a lot for staying here and publishing so fine posts. Here is anyone who enjoy it and express thanks!
In my advice, not lots of bloggers have so many concepts to produce brand new, intriguing posts. Thank you for doing it and I really want you did not lose the motivation to make the new ones!
I have regularly thought about how to create top superiority content and release them on the website. These days I should say that the duty isn’t for me. I allow it for professional experts.
It’s very complicated to make a specialized messages in a brief time period and still posses minds full of ideas to generate unique ones. I should say that the blogger is a pro author.
Here is a brief matter to inquire – how to develop such a awesome article? It presents almost all factors what make a close post. There is a catching title and worthwhile articles. Well done!
I need acknowledge that it really is 1 of the most worthwhile posts I have actually look over. It is also properly composed. I’m an English teacher so I know what I suggest.