ALBANY— “Proposed tax increases on insurers are a back-door way to fund a bloated state budget and put New York jobs at risk,” said Kenneth Adams, president & CEO of The Business Council of New York State.
Among several proposed insurance tax increases in the Executive Budget is an increase in what are known as Section 332 assessments
ALBANY—“Despite a tax burden that is already astronomically high, New York continues to face a huge budget gap. Trying to solve that problem by taxing everything in sight is just repeating the mistakes of the past,” said Kenneth Adams, president & CEO of The Business Council of New York State
Contacts:
Mario Cilento, New York State AFL-CIO, 914-261-4356
Bill Stroh, The Business Council of New York State, 518-465-7511
Albany-As the state budget deadline approaches the New York State AFL-CIO and The Business Council of New York State called on the legislature to reject taxes that will increase the cost of health care coverage
ALBANY— “The $481 million in additional taxes on health insurers proposed in the Executive Budget will not only drive up the cost of health insurance, they will damage an industry that is important to the state's economy,” said Kenneth Adams, president & CEO of The Business Council of New York State
ALBANY— “For New York to enjoy a robust recovery from this recession we will need a healthy financial services sector. The insurance industry is a key part of that sector,” said Kenneth Adams, president and CEO of The Business Council of New York State. “Yet, proposed tax and assessment increases on this industry in the Executive Budget could do great harm
ALBANY— The Business Council of New York State is responding to New York's “Spending Lobby's” flood of media ads designed to frighten New Yorkers about any state budget spending restraint.
“Groups representing institutions and unions that get much or all of their funding from taxpayers have flooded New York's airways with commercials designed to frighten New Yorkers
ALBANY— “Any permanent increase in the state's broad-based taxes during an economic recession is bad economic policy, and a bad message to send to current business and investors considering projects in New York State,” said Ken Pokalsky, senior director of government affairs at The Business Council of New York State
ALBANY— “The agreement to eliminate $1.3 billion in proposed tax increases in the state budget is a step in the right direction, but it doesn't go far enough. Much more tax relief is needed to help our economy recover,” said Kenneth Adams, president & CEO of The Business Council of New York State
ALBANY— “With more than $4 billion in proposed new taxes in the Governor's budget it is quite clear that New York is facing a budget crisis not just because of the recession. It is also caused by years of too much state spending and taxes that are too high driving away business and people. -- We must change that,” said Kenneth Adams, president and CEO of the Business Council of New York State Inc
Contacts
AFL-CIO:
Mario Cilento
914-261-4356
The Business Council of NYS:
Bill Stroh
518-465-7511
The Partnership for New York City:
Bud Perrone
212-843-8068
Albany-(March 9, 2009) The state's leading labor and business organizations united today to oppose proposed health insurance taxes that would make coverage more expensive while doing nothing to reduce health care costs