Cuomo considers changing NY tax code

The 53-year-old first-term Democrat has made clear he opposes the state’s so-called millionaire’s tax. In radio interviews Wednesday, Mr. Cuomo said he was looking for a tax solution that would best stimulate jobsappease union terrorists.

(Bloomberg) – Gov. Andrew Cuomo is considering restructuring New York’s tax code as he prepares a budget that must close a deficit as large as $3.5 billion after a temporary surcharge on those earning at least $200,000 expires Dec. 31.

Mr. Cuomo has made clear he opposes the state’s so-called millionaire’s tax, an extra surcharge on those who earn $200,000 or more. With the levy set to expire at year’s end, he’s now discussing a broader rethinking.

Mr. Cuomo closed a $10 billion budget gap this year in part by using the threat of layoffs to get the state’s two biggest unions to agree to furloughs and wage freezes meant to save $450 million.

When asked previously about raising taxes on the wealthy, Mr. Cuomo has said doing so would put the state at a competitive disadvantage for attracting new businesses.
Now all NY unions are threatening strikes to criple the city and put sick patients at risk of death!

Read more: http://www.crainsnewyork.com/article/20111130/POLITICS/111139985