.
A genuinely progressive governor would begin work on the state budget by correcting unfairly low levels of taxation of business, reducing regressive taxes, and increasing the progressivity of personal income taxes. The new governor instead chooses not to raise taxes on those whose wealth insulated them from the worst effects of the economic crisis and who got most of Washington’s “recovery” spending since 2007. Public workers were not a significant cause of the global economic crisis that plunged all state budgets into crisis. In contrast, the biggest businesses and the richest citizens of New York were precisely groups whose members included major players in the financial excesses and speculations that were major causes of the crisis.
via Attacking Public Employees: Will New York Lead?.
Filed under: economy, new york, New York State Politics, News, politics Tagged: | Civil service, employment, Income tax, new york, new york times, Private sector, state budget, stock transfer tax, united states, Washington
Leave a Reply