You would be forgiven for mistakenly thinking that the biggest state income tax cut in the last millennia occurred under Gov. Andrew Cuomo.
Despite the governor’s rhetoric about an historic cut, the most recent major income tax overhaul in New York came in 1995 under Gov. George Pataki. The impetus for the Income Tax Reduction Act of 1995 came almost a decade earlier from the trickle down effect of changes to the federal tax code.
EJ McMahon, the research director for the Empire Center of Public Policy, joined Poozer Politics to explain the politics, policy and personalities behind the 1995 tax cut. The conversation addresses the stalled tax cuts under Gov. Mario Cuomo, the role of Assembly Republicans and the ramifications for New York from potential tax changes at the federal level.
And if this wonky government talk is up your alley, consider checking out the 2nd Annual StateWatch Strategies Seminar on December 6.