Posted on 08/19/2008 9:11:05 PM PDT by 2ndDivisionVet
If Senator McCain wants an opening to make a run at New York's 31 electoral votes — something we encouraged him to do in an editorial yesterday — he has just been handed the issue to run on. The Assembly Democrats yesterday voted to pass their millionaire's tax, which, if it becomes law, would send the top marginal rate soaring in New York City and the state and threaten the very sector of our economy that is producing the most tax revenues for a state in the midst of a spending crisis.
It doesn't look like the local Republicans are going to take the lead in this fight. On the contrary, as our Grace Rauh reports, passage of the millionaire's tax in the Assembly had enough Republican support that Assemblyman Richard Brodsky was predicting last night that passage of a form of the tax was a virtual certainty in Albany, even in the face of opposition from our Democratic governor. The new majority leader of the Senate in Albany, Dean Skelos, has been pretty good this time around, but once, in 2003, backed a form of the millionaire's tax.
E.J. McMahon of the Manhattan Institute noted last night that the latest moves would make the state income tax's top marginal rate of 8.6% the highest in 21 years. "In other words," he said in an e-mail message, "this is almost a full percentage point higher than where Mario Cuomo left us." Of course, that doesn't include the rate for affected taxpayers in New York City, for whom the marginal rate would be something on the order of 12.25%.
(Excerpt) Read more at nysun.com ...
I hereby pledge an instant 500 dollar donation to this austere forum beyond normal fundraising should this happen.
I do not see it.
Someone hold me to it please.
If it does happen, it’ll be a landslide on the order of Nixon vs. McGovern in 1972.
It is not clear to me how the President of the United States is in a position to impact the New York State Income tax.
Absolutely will be like 72.
Americans don’t elect Communists.
IMHO, he shouldn’t bother. It’s like New Jersey...the GOP thinks they see an opening, pours money into it, then always loses. I think Mac should concentrate his money on shoring up the swing western states (CO, NV, maybe NM) and the upper midwest, hoping to maybe squeak out a win in MI, MN, or WI.
Morons there must love paying high taxes though.
We keep hearing also that if the election comes down to economic and domestic issues, McCain loses. Pretty sad, considering Obama’s views on taxes and domestic issues are so dangerous. Yet somehow this ridiculous myth about Dems being better for a bad economy persist. Too bad people might have to learn the hard way that they are wrong.
The Assembly Democrats yesterday voted to pass their millionaire's tax, which, if it becomes law, would send the top marginal rate soaring in New York City and the state and threaten the very sector of our economy that is producing the most tax revenues for a state in the midst of a spending crisis.A "spending crisis"?!? Thanks 2ndDV.
This shows that Obamanation is on the way out.
**If it does happen, it’ll be a landslide on the order of Nixon vs. McGovern in 1972.**
I’ve been predicting a landslide for a couple of weeks.
Sorry, but this is wishful thinking.
McCain would have to pick NY’s Bruno as his VP candidate to have a shot at winning NY.
Put your money elsewhere. McCain aint taking New York.
You are being sarcastic. Joe Bruno is (literally) a crook.
“You are being sarcastic. Joe Bruno is (literally) a crook.
A prerequisite for entering politics in NYS.
That’s why no vp picks will be coming from this state - ever.
LOL!
No, I was just stating a fact...don’t be alarmed, though...I wasn’t making a suggestion or endorsement!
“It is not clear to me how the President of the United States is in a position to impact the New York State Income tax.”
Of course not, but NYers are going to be mighty pi$$ed with the Dems. Taxes in NY and NYC are outrageously high to begin with. The legislators seem to have forgotten the lesson about over-taxing and driving income generating businesses out of the city and state.
Damn...I thought he meant Angelo for a second
NY Republicans are just less-radical versions of our State’s left-wing Democrats. I wish they would grow some balls.
Then again, there isn’t another State in the Union that is so beholden to public sector unions and their many PAC’s. The only option is to leave the State.
McCain could use NY as a whipping-boy, come here to criticise and point to the rest of the Country what happens to an economy and a State when people like Obama keep getting elected. A large amount of people in NY would love the message, but still not enough to win in NY.
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