Senator Griffo Launches Petition to Fight Federal Tax Scheme

Urges New Yorkers to Oppose Washington D.C. Plan to Increase Taxes on New Yorkers by $4,500

Griffo alone(May 13, 2013) State Senator Joseph A. Griffo (Rome)  launched an effort for residents to sign his new on-line petition urging the rejection of Federal budget proposals that would cost New York taxpayers billions of dollars annually. The petition to oppose this “Double-Tax Plan” can be found at www.griffo.nysenate.gov.

“From Obamacare taxes to the new Federal payroll tax hike, New York taxpayers keep getting hammered by policies being enacted in Washington D.C.,” Senator Griffo said.  “And now — adding insult to injury — some in Congress and the Administration are threatening to make matters worse by increasing taxes on New Yorkers by $4,500.

“New York taxpayers are not an A.T.M. machine for the Federal government, and I urge all New Yorkers to make their voice heard on this important issue. By working together, we can send a loud and clear message to Washington that New Yorkers are not going to tolerate this misguided plan.”

For decades, there has been a major imbalance between what New York sends to Washington D.C. each year, and what our State gets in return from our Federal government.  New Federal budget proposals would exacerbate this imbalance by ending a longstanding policy of allowing taxpayers to deduct their state and local tax liability, including property taxes, from their federal taxes.

Senator Griffo noted that the Senate Republican Conference recently joined with Governor Cuomo and several members of New York’s Congressional delegation in opposing this “double-taxation” measure.  Estimates show that the measure would result in a nearly $15 billion tax increase for New York families — an average increase of more than $4,500 per taxpayer. The average Federal tax bill for affected taxpayers would increase 30 percent.

“For the past three years, the Governor and Legislature have kept New York moving in the right fiscal direction by passing three consecutive on-time budgets,” Griffo added. “State spending growth has been below two percent, which is consistent with the local spending cap that applies to school districts and local governments. This year’s budget reduced the State tax burden on small businesses and it also renewed the middle class tax cuts enacted in 2011, keeping those tax rates at the lowest levels in 60 years. The proposed federal repeal of local tax deductions would negatively affect taxpayers in every area of New York.”

The Senator also pointed out that the Mohawk Valley and North Country would be hit especially hard by the misguided proposals, with more than 66,803 taxpayers being saddled with an average new tax increase of $2,350.

The Federal government has already enacted a series of recent initiatives that have increased the tax burden on New Yorkers by a staggering $151 billion – or $15 billion annually.  For example:

Obamacare alone includes tax increases that will cost New Yorkers $21 billion over the next 10 years.

Obamacare will also hit New Yorkers with $65 billion in increased Medicaid costs.

The new Federal payroll tax increase will also cost New Yorkers $65 billion.

The total impacts statewide — and regionally – from the new “double-taxation” plan are outlined in the following chart:

Regional Impact of Proposed Repeal of State and Local Taxes Paid Deduction

Region # Taxpayers Impacted Millions $ % of

NYS Impact

Average

Increase

Western NY 139,101 $389 2.6% $2,800
Finger Lakes 159,948 $469 3.2% $2,900
Southern Tier 55,651 $156 1.1% $2,800
Central NY 90,926 $262 1.8% $2,900
Mohawk Valley 39,612 $93 0.6% $2,300
North Country 27,191 $64 0.4% $2,400
Capital Region 171,769 $499 3.4% $2,900
Mid-Hudson 596,972 $2,984 20.2% $5,000
New York City 1,081,217 $5,905 39.9% $5,500
Long Island 915,437 $3,969 26.8% $4,300
Total NYS: 3,277,825 $14,789 100.0% $4,500

 

Additional information can be found in the report Governor Cuomo recently submitted to Congress that details the devastating impact these proposals would have on New Yorkers: http://www.governor.ny.gov/assets/documents/Impact-of-Federal-Tax-Proposals.pdf

 

2 comments to Senator Griffo Launches Petition to Fight Federal Tax Scheme

  • Donna Calandra

    Need to remove and replace all branches of the Federal Government. Just another back-door tax like removing the right to deduct medical and job search related expenses from the tax Americans had to pay on their unemployment. Politicians give with one hand and take with the other.

  • john& georgia ringlehan

    reject federal budget proposals for tax increases

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>

  

  

  

This site uses Akismet to reduce spam. Learn how your comment data is processed.