Liz Krueger's posts related to Finance

Testimony from April 30 public hearing of New York State's business taxes

On April 30, 2009, the Select Committee on Budget and Tax Reform held a public hearing in Rochester to weigh the fairness of New York State's Corporate Franchise Tax and the effectivess of its tax expenditures. The Select Committee heard oral testimony from six experts and collected written testimony from several other interested parties.

Below are links for the public hearing transcript and testimony that was submitted to the Select Committee. The Select Committee's staff will issue a report detailing the key findings and conclusions from the testimony.

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Transcript of April 30 public hearing

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Testimony from Ken Pokalsky of the Business Council of New York State

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Handout from Ken Pokalksky off the Business Council of New York State

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Handout from Ken Pokalsky of the Business Council of New York State

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Testimony from Jon Greenbaum of Metro Justice of Rochester

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Testimony from Judy Seil of the Monroe County Industrial Development Agency

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Testimony from Christopher Weist of the Rochester Business Alliance

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Testimony from Christopher Koetzle of the Support Services Alliance

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Testimony from Brian Sampson of Unshackle UPstate

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Media Advisory: Senate Holds Hearing on Corporate Franchise and Bank Tax Reform

For Immediate Release:  May 15, 2009Contact: Travis Proulx (W) 518.455.2415 (C) 518.729.8013

SENATE HOLDS HEARING ON CORPORATE FRANCHISE & BANK TAX REFORMTax Policy Experts, Progressive Taxation Advocates, Wall Street Leaders to Testify

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Testimony from May 21 public hearing on business and banking tax reform

On May 21, 2009, the Select Committee on Budget and Tax Reform held a public hearing in New York City to evaluate the equitability of New York State's business and banking tax structures and their effectiveness to foster economic growth statewide. The Select Committee heard oral testimony from 10 experts and collected written testimony from several other interested parties.

Below are links for the testimony that was submitted to the Select Committee. The Select Committee's staff will issue a report detailing the key findings and conclusions from the testimony.

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Transcript of May 21, 2009 public hearing

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Testimony from James Parrot of the Fiscal Policy Institute

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Testimony from Peter Faber of The Partnership for New York City

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Testimony from Michael Smith of the New York Bankers Association

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Testimony from Matthew Gardner of the Institute on Taxation and Economic Policy

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Testimony from Angela Miele of the Motion Picture Association of America

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Testimony from Nancy Lancia of the Securities Industry and Financial Markets Association

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Handout from Nancy Lancia of the Securities Industry and Financial Markets Association

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Testimony from the Clearing House Association

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Testimony fron John Huddleston of the Multi State Commission

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Testimony from Nathan Newman of the Progressive States Network

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Select Committee video (part 2) of May 21 public hjearing on business and banking tax reform

The Select Committee on Budget and Tax Reform hears testimony at a New York City public hearing, where experts evaluated the fairness of the state's business and banking taxes and their effectivess at fostering job growth. Part two of two.

Select Committee video (part 1) of May 21 public hearing on business and banking tax reform

The Select Committee on Budget and Tax Reform hears testimony at a New York City public hearing, where experts evaluated the fairness of the state's business and banking taxes and their effectivess at fostering job growth. Part one of two.

Big business still getting tax breaks

By Matthew Sweeney and David Freedlander

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NIXING CITY INCOME TAX

On the heels of Council Speaker Christine Quinn’s State of the City address where she proposed nixing city income tax for residents making less than $45,000 a year, State Sen. Liz Krueger will introduce a bill to allow the city to turn that plan into law. Currently, Albany would have to pass legislation to allow the city to enact this plan. Krueger’s legislation would enable the city to make changes to the tax code without Albany approval.

Read full article at:

http://ourtownny.com/?p=2223

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City Council legislation would give 100% tax credit to poorest families

By Peter Spencer

Call them legislative Robin Hoods: Several city lawmakers want to give city income taxes back to the poorest families, while raising them for the richest.

State Sen. Liz Krueger, working with City Council Speaker Christine Quinn, announced yesterday she plans to introduce legislation allowing the Council to give about 224,000 households earning under $45,000 a year a 100 percent tax credit.

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A Little Tax Fairness During Tough Times

By Amy Traub

Hey New York, remember the economic boom? Profits were robust. Our local population of multimillionaires went up. Real estate values soared. And don’t get me started on those Wall Street bonuses. It’s a pity the party’s ending now, but those last few years we had some fantastic times, didn’t we?

Read full article at:

http://www.dmiblog.com/archives/2009/02/a_little_tax_fairness_during_t.html

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