Fahy, Steck: It's no time for tax cuts
By Tiffany Brooks
Capital Region Assembly members joined a coalition of labor representatives, faith leaders and others in Albany last week to ask the Legislature and the governor to reconsider proposed changes to the current tax system, especially the estate tax.
Pat Fahy, D-Albany, and Phil Steck, D-Loudonville, stood with progressive groups at an event at Emmanuel Baptist Church on State Street near the Capitol. The groups are asking legislators to say "no" to Gov. Andrew Cuomo's planned tax breaks including the plan to increase New York's estate tax exemption threshold from $1 million to $5.2 million, which is the national level.
"We are all united in fighting the tax cuts being proposed by Gov. Cuomo right now. Tax cuts which we believe greatly benefit the wealthiest among us at the expense of the rest of us," said Ron Deutsch, executive director of New Yorkers for Fiscal Fairness. "Right now New York leads the nation in income inequality. That's the greatest gap between those that earn the most and those that earn the least; we have that dubious distinction in New York."
Deutsch also criticized the notion that the estate tax would help improve the financial stability of farmers.
http://www.legislativegazette.com/Articles-Top-Stories-c-2014-03-03-87024.113122-Fahy-Steck-Its-no-time-for-tax-cuts.html
