ALBANY— “In the wake of a state budget with the largest tax increase in our history, hitting businesses with a new payroll tax in the 12-county MTA region will kill jobs,” said Kenneth Adams, president & CEO of The Business Council of New York State. “Just days after Albany leaders pass a budget that forces employers to pay more for energy, health insurance and income taxes, now they want to whip up a payroll tax to bail out the MTA
What: Several organizations hold a joint news conference to explain the economic impact of the budget.
Who: The Business Council of New York State, NFIB, Unshackle Upstate, the Empire Center for New York State Policy, IIPNY, and others will participate.
When: 2 PM, Monday March 30, 2009
Where: LCA press room, Legislative Office Building, Albany
ALBANY— "New York's economy is on fire, and this budget does nothing but pour gasoline on it," said Kenneth Adams, president and CEO of the Business Council. "New York is already ablaze in an economic inferno of high taxes, high costs and weak growth in jobs and population. This budget only intensifies the suffering for more businesses and families
ALBANY, NY — "Facing a budget shortfall of $16 billion and a profound economic crisis, the Governor and legislature have decided to throw fiscal responsibility out the window. This reckless budget ignores economic common sense, crushes New Yorkers with $7 billion in new taxes and slams the brakes on our hopes for recovery," said Kenneth Adams, president & CEO of The Business Council of New York State
ALBANY— “The Governor and legislature are poised to enact the largest tax increase in New York State history. It appears that the budget lacks badly needed reductions in spending and rejects key fiscal reforms that have broad-based support,” said Kenneth Adams, president & CEO of The Business Council of New York State
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