Gov. Cuomo Vows To Rewrite Tax Code, Recreate New York State’s Middle Class

Sources: Under His Plan, Empire State's Millionaires Would Indeed Foot Bill

NEW YORK (CBSNewYork) — It’s a major “believe it or not” story.

WCBS 880’s Paul Murnane On The Story

Middle class taxpayers are in for a tax cut and New York millionaires will foot the bill, reports CBS 2’s Marcia Kramer.

If you’re among the very, very rich in New York you’ll have to dig deeper to pay the tax man, but for everyone else — and that means most of us – Gov. Andrew Cuomo wants to cut your taxes.

It’s hard to believe, but that’s what he’s looking to do.

“What I’m looking at is what do you do with the tax code and how can you use the tax code to stimulate the creation of private sector jobs,” Cuomo said on a radio broadcast on Wednesday.

Sources tell Kramer that what the governor wants to do is totally overhaul personal income tax rates. Middle class tax payers — and that might mean those who earn as much as $400,000 a year — could see a tax cut. But if you are a true millionaire get ready to write a bigger check and the more you earn the bigger the percentage of your income you’ll pay.

For the record, there are 75,000 people who work in New York and earn at least $1 million, but 37,000 of them live outside the state, so, politically speaking, taxing them is very little skin off the governor’s nose.

“If a millionaire, if you have it, and you can’t take it all with you, give a little bit to your citizenry. Give in any way you can,” said Martyha Lopez-Gilpin of Astoria.

“It’s a great idea. The rich are getting richer; the poor are getting poorer. There is no middle class. It would be great,” added Tommy Dourmas of Astoria.

“I’ll believe it when I see it. I’ll believe it when I see it,” said Edward Gaweda of Roosevelt Island.

“People that have the money and could pay … they should pay the government, but the people who don’t have the money, they shouldn’t pay because they just don’t have it,” said Lia Varthomomos of Astoria.

So far, legislative leaders haven’t signed on to any revision of the tax code, which means only one thing: there’s going to be a whole lot of horse trading going on in Albany this year.

And while Democrats and Republicans don’t see eye to eye on taxing millionaires, there’s plenty to horse trade, including the state’s redistricting plan.

Do you agree with the governor’s plan? Please offer your thoughts in the comments section below.


One Comment

  1. IRATE says:

    .Where are you going to send our state taxes honalulu hawaii NewYORK CITY DEPARTMENT OF FINANCE NEW ADDRESS p.o.BOX 680 NEWARK,N.J07101-0689

  2. belle says:

    More bulls**t from Cuomo. Anyone who believes that they will pay less taxes is a sucker. When the millionaires move out of NY, who is left to pay? That’s right – you and me. As if the government doesn’t waste your money now – give it more to waste, yeah right. The highest taxed state in the country will continue to be just that.

  3. middle classer says:

    if everyone was taxed at the same rate, those with less income would pay less and those with the most income would pay more. it is that simple, flat tax!! no loop holes, tax the gross income of all new yorkers at the same percentage. easy fix, unless your still trying to take care of your high end buddy”s

  4. Stupid Idea says:

    Everyone will lose with such a stupid plan, as the other 38,000 will just move out of state too.

  5. STOP says:


  6. CBS CENSOR SUKS says:




  8. END THE FED says:


  9. Jack Guymon says:

    Obama has nothing to do with how New York State taxes it’s population. Let’s offer some positive ideas to help our economy instead of always thinking of the negative aspects. Of course there will always be loop holes in any tax code prepared hastily. We are on a fast downhill ride and need to join together and be creative in our thinking. Let’s ask ourselves what we can do to turn this around to make a more financially secure life for all of us.

  10. David Rutstein says:

    Yup, Figure out how to tax 75,000 people so that millions can pay less and those 75,000 will figure out how to not pay anything at all. This will probably mean the millionaires moving their employees out of the state. How do you say Obamanomics.

    1. David Rutstein says:

      Check out my political forum that gets 2,000 posts a day.

  11. Meme Meyagi says:

    what is done about 7 million mooslime terrorists living in usa?

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  13. Jack Guymon says:

    I believe a State Sales Tax designed to replace income tax would be appropriate. Every day goods such as food, clothing, gasoline etc should be taxed at a low rate. Big ticket items like expensive autos, boats, artwork, home furnishings, airplanes, homes, etc should be taxed at a much higher rate. In this way, if you want to live an extravagant lifestyle you pay more taxes, and if you want to live a more commonplace lifestyle you would pay less. This system would equalize the method of taxation and would allow most of the middle and lower classes to better their lifestyle. In either case, if you calculated the estimates of State income from this type of system it would equal or surpass the present income tax system. I am sure it is more complicated than this, but if this idea was expanded upon it could be modified to work. Just a thought!

Comments are closed.

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