NYS Assembly pushes to raise
“It’s a legitimate question to have answered,” he said. “I do think there’s a constitutional question.”
There is precedent for new taxes to be collected retroactively. During the last recession, in mid-2009, the state enacted a temporary surcharge on New York’s wealthiest as part of its budget, which took effect at the beginning of that year.
Governor Cuomo says even if new taxes were approved this month, they would not bring in enough money to prevent mass lays offs of front-line workers.
“That means we will lay of people who we need to do the vaccines,” Cuomo said. “Lay off national guard expenses, lay off police, lay off fire people, lay off hospital people, in the middle of a pandemic.”
Cuomo wants to wait before making any decisions on the budget, until after Joe Biden is inaugurated as President on January 20th. Cuomo believes Democrat Biden, who has a history of working with Republicans in the US Senate, may have a better chance of convincing Senate Leader Mitch McConnell to change his mind and agree to authorize federal aid for states and local governments.
“I just hope Joe Biden gets in quickly, and sanity restores to the nation,” Cuomo said.
Heastie says he does not think the federal government, even with a Democrat as President, is going to solve all of the state’s fiscal problems.
“He’s hopeful that Joe Biden, the Biden administration is going to ride in like the cavalry and save the day,” Heastie said.
Heastie says if Democrats do not win two Senate seats in Georgia in a Jan. 5 election, then even the Democratic President might not be able to win a bailout package from a strengthened Senate Republican Majority.
Any new tax measures would also need the approval of the state Senate. While over 30 Democratic State Senators, who are in the majority in that house, are on record saying they support additional taxes on the state’s millionaires and billionaires, the Senate has not yet committed to passing anything before the end of 2020.
It’s increasingly likely, though, that both houses may return before December 31st to approve protections for tenants facing eviction and homeowners threatened with foreclosure as a result of pandemic related job losses. 12-27-20; 10:08 am.
Courtesy of NCPR Journalism