Cuomo Kills NYC Millionaire’s Tax

OK, he may not have actually killed it, but declaring it DOA in Albany is about as close to terminal as it gets. A few weeks back, New York City mayor Bill de Blasio endorsed the idea of increasing the city income tax on an individual making more than $500,000 ($1 million for couples) by…

Read More »

Extending, Expanding New York Millionaire’s Tax

New York so-called “millionaire’s tax” was first adopted back in 2009 and renewed two years later in 2011. It is set to expire at the end of this year, so the effort has already begun – not just to extend the expiration date (another three year extension of the 8-year old tax), but also to…

Read More »

Employment Battles Continue as More States Preempt

A growing number of states around the nation are exercising control of minimum wages by preempting the establishment of local minimums, paid sick leave and other employment mandates, according to a new report. In “City Rights in an Era of Preemption”, the National League of Cities laments the proliferation of state preemption and alleges that…

Read More »

Massachusetts Millionaires in the Crosshairs

Speaking of Massachusetts laws, the front group behind many of the minimum wage issues in the state, Raise Up Massachusetts, is also pushing a new ballot initiative that seeks to impose a Millionaire’s Tax on those individuals earning $1 million or more per year.  The group held a rally earlier this week at the State…

Read More »