RSS Feed
New York - Governor Paterson to Propose $4 Billion Tax Package |
|
| |
Text Size
|
The budget, to be introduced on Tuesday, relies heavily on cuts of about $9 billion, mostly from state aid to education and Medicaid, the paper said, adding that it is sure to touch off months of protests and battles with lawmakers.
The paper cited Paterson at a Sunday night-appearance in Manhattan as saying it was "just prohibitive and painful" to have to make some of the decisions.
Paterson has left out any broad-based tax increases on people with higher income and proposed to increase welfare grants for the first time in 18 years, though more money would not be made available until the beginning of 2010.
Sources who provided details about the plan did so on condition of anonymity because the plan has yet to be made public, the paper said.
New York's budget has been battered by the crisis on Wall Street, which pays the state about a fifth of its tax dollars.
More of today's headlines
“Israel - An article published this weekend in a leaflet distributed by anti-Zionist ultra-Orthodox stream Neturei Karta asserted that the terror attack on the Chabad...”
Israel - Neturei Karta: Chabad Punished for Alliance with Zionists
New York - Some New Music Notes
Total3
Read Comments (3) — Post Yours »
1
Dec 15, 2008 at 08:43 AM Anonymous Says:
I call for a taxpayer bailout. let the fed print up some money and pay the irs. our money will most likey be worthless soon anyway after the gov't is done with all the bailouts out. deflation will only lead to inflation.
2
Dec 15, 2008 at 11:47 AM murray Says:
“ I call for a taxpayer bailout. let the fed print up some money and pay the irs. our money will most likey be worthless soon anyway after the gov't is done with all the bailouts out. deflation will only lead to inflation. ”
Amerika- will be the new Zimbabwe: inflation 100,000% and rising
3
Dec 15, 2008 at 04:16 PM deepthinker Says:
A perfect example of the Government kicking the taxpayer when he's down..--A truly compassionate Liberal.