Cuomo turns to array of tax hikes to balance budget; Flanagan says ‘No’
In the 2018 budget plan released Tuesday, Cuomo lays them out early and often, even listing in their own table of contents entry.
And there are many of what the administration calls "revenue actions,'' accounting for just shy of
There are little ones, like a tax hike on e-cigarette products, and another attempt at "internet fairness" by taxing third-party sales on places like Amazon and eBay.
And there are big ones, like the
Cuomo, who has sought over the years to portray himself as a tax cutter, made no hiding of the fact that he wants to raise
Noting a combined
"You can't possibly get anywhere near where you want to be on education and health care unless you raise revenues. It's just too big a deficit and the choice of cutting education or cutting health care, I don't think is a place anyone wants to go to this year. So you have to raise revenue,'' Cuomo said Tuesday in presenting his budget plan.
Senate Majority Leader
In the end, though, lawmakers in both parties will want to raise the levels Cuomo is seeking to spend on education and health care. Of those two areas of the budget, Assembly Speaker
Cuomo's budget has given the Legislature a major head start when it comes to revenue raising ideas, including:
* Creating a new tax on opioid drug sales, which is expected to generate
* Maintaining STAR property tax benefits at current levels, instead of proceeding with an expected 2 percent increase.
* Deferring a number of business tax credits through 2020 and imposing new inspection fees on privately operated passenger carries, such as motor coaches.
* Adding new patient costs on prescription drugs for those enrolled in the American Indian Health Plan.
* Creating a new pre-licensing course for people to get a driver's license and then charging them
* Ending an energy services sale tax exemption and expanding a number of tax enforcement measures, such as a new effort to ensure all of
Cuomo also wants to go after health insurance companies that he said "just got a 40 percent windfall profit" as a result of the recently approved federal tax overhaul law.
"They weren't expecting it. The health care costs wind up getting shifted to us. I think it's totally justifiable to have a tax to recoup part of that windfall benefit,'' he said of a plan to slap a 14 percent surcharge on underwriting gains from health insurance policies.
Among the biggest single revenue raisers is something Cuomo called an "opioid surcharge" of
"Opioid manufacturers have created an epidemic,'' he said of the need for the tax.
Cuomo budget raises
Cuomo budget short on new economic development initiatives
Cuomo proposes 3 percent more for schools; education groups look for more
Offering few details, Cuomo says he will continue funding free tuition plan
Cuomo's budget proposal targets algae blooms
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