New York Governor Andrew Cuomo recently announced a misguided compromise with conservatives in the state legislature to place a hard cap on the annual growth of property tax revenues. The cap would limit revenue growth to the lesser of a 2% annual increase or the rate of inflation. The only exception would require a restrictive super-majority vote of 60% in municipalities where the residents wish to opt out of the program. If passed into law, this proposal will lead to a drastic reduction in essential services for hardworking New York families and place an additional burden on middle class communities which have already been battered by the economic downturn.
On Tuesday, President Obama reiterated his hope for comprehensive immigration reform in a speech delivered in El Paso, Texas. Yet while federal reform remains stalled, many states have continued to push forward with advancing common sense approaches to immigration policy. In just the last few days alone, there has been a flurry of positive activity as states reject the destructive politics of scapegoating and division exemplified by Arizona’s SB1070 in favor of pragmatic solutions that will grow their economies and keep their communities safe.
Several elected officials across the states have approached budget shortfalls with extremely short-sighted and economically damaging proposals, including lavish tax breaks for corporations, slashing unemployment benefits, heinous cuts to programs that primarily benefit middle class and working families, eliminating earned income tax credit (EITC) programs, and privatizing services and institutions across the board, such as mental health services, prisons, and infrastructure. These types of policies will only serve to worsen fiscal pressures, exacerbate the economic pain of the middle class, increase inequality, and heighten the current regressivity of state tax structures, which, on average, place a heavier burden on low and middle-income earners than the rich. This is demonstrative of a disturbing and pervasive recent trend: tax breaks for the affluent and corporations, and austerity for the rest.
As the prospect of a federal government shutdown looms in Washington D.C., states are nervously preparing for the impact it could have on their already strapped budgets and their fragile economic recoveries.
New York Gov. Andrew Cuomo has been hailed by some as a bold leader,
but the priorities expressed in his first budget, approved this week by the legislature, indicate that he is following the right-wing's
slash-and-burn policies and adhering to economically flawed and discounted