NY Assembly Speaker Silver Sees Hope For ‘Millionaire Tax’

ALBANY, N.Y. (CBSNewYork/AP) — New York Assembly Speaker Sheldon Silver said public support for a “millionaire tax” to avoid more spending cuts is growing and he thinks Gov. Andrew Cuomo and the Senate’s Republican majority may yet support it.

Silver has continued pushing the idea despite the Democratic governor and the Senate Republicans flatly rejecting his bill to further tax New Yorkers earning over $1 million a year.

He says Tuesday he plans months of debate beginning in January and his side can win that discussion. Silver says he’s not willing to accept that Cuomo won’t change his mind.

Cuomo says he won’t because it will cost New York revenue and jobs by forcing millionaires to move to New Jersey and Connecticut.

Do you think that the Governor will change his mind?  Share your thoughts in the comments section…

(TM and Copyright 2011 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2011 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

  • Wolf

    The wealthy will always find legal loo[pholes to pay the least amount of any taxes. Not because they are millionaires. They are able to do so because they are educated. Any man or woman can study tax laws and finance and learn these methods. Being educated is the best way to save money and pay minimal taxes… all within the legal limits. Now if we can only get these OWS protesters to open some books and get educated and earn their livings.

  • wayne

    It seems like NYC want to be only for the elite everybody else can get loss…if you dont mind you wont be able to veven take a walk in the park.

    Or use the bathroom without somebody looking up your ass…

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