WXXI AM News

Capitol Bureau

Now that the US House of Representatives has voted for a tax overhaul plan that some state leaders say will harm New York, the action moves to the Senate, where a vote is expected after Thanksgiving.

Gov. Andrew Cuomo is slamming the tax overhaul plan passed Thursday by the House of Representatives, saying it will be “poison” to New York.

Businesses, school leaders and progressive activists in New York also spoke out against the House vote and the provision to end the state and local tax deduction, saying they will be harmful to state residents.

The governor also criticized the tax plan as a corporate giveaway.

“This is a federal scam that they are running,” Cuomo said. “They call it a tax cut for the middle class. That’s baloney.”

Several corruption trials are set for 2018 after a scandal involving nine of Gov. Andrew Cuomo’s former associates who worked on his administration’s economic development projects. Advocates say they will continue to push for reforms to prevent such problems from happening again.

Matt Ryan New York Now

Two reports issued in recent days indicate that Gov. Andrew Cuomo may be facing his most difficult budget in seven years.

The midyear financial report by the governor’s budget office has lowered revenue estimates by $850 million for the current budget year and the next two years. And it finds that next year’s projected deficit is now at $4.4 billion, if spending growth continues unchecked.

Cuomo began sounding the alarm weeks before the report was released.

The state’s top economic development official says a plan in Congress to eliminate the historic tax credit program  would harm efforts to revitalize cities in New York.

Empire State Development Chair Howard Zemsky , testifying at an Assembly hearing,  says the tax incentives have been used to rehab crumbling historic buildings into shops and living spaces, and “have had a huge impact on driving economic development” . The program gives developers a tax rebate of 20% for five years after the projects are completed. Zemsky says it’s misguided to end the subsidies.

Testimony at an Assembly hearing Monday grew heated as Gov. Andrew Cuomo’s economic development chair defended some faltering job creation programs.

Empire State Development Chair Howard Zemsky also signaled the state may be backing away from a key program to give tax breaks to startup entrepreneurs.

Governor Cuomo, one day after Democratic victories in elections in New York State and the nation, is calling on  warring democratic factions in the State Senate to unify.

Cuomo used some of his strongest language yet in urging rank and file Democrats in the State Senate to reunite with the breakaway Independent Democratic Conference, saying all need to put their “egos” aside.

Supporters of holding a Constitutional Convention to fix problems in state government say they are disappointed with the resounding defeat of the measure in Tuesday’s voting, but they say they are not giving up.

The ballot proposition on whether to hold a state constitutional convention was soundly defeated in Tuesday’s election. But a second question of whether to strip pensions from convicted lawmakers was approved.

There are three propositions on the ballot in Tuesday’s elections.

Proposition One gives voters a once-in-20-years chance to decide whether to hold a constitutional convention. 

Supporters say it’s an opportunity to reform unethical practices in Albany that have led to both former legislative leaders facing corruption charges. Nine former associates of Gov. Andrew Cuomo also have been charged with crimes, including bribery and bid-rigging.

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