Here’s a glance at today’s opinion content:
Cuomo’s tax deal: Editorial
We comment on the deal Gov. Andrew Cuomo brokered with leaders of the state Legislature to cut taxes for middle-class New Yorkers will raising taxes on the wealthiest. We write:
Gov. Andrew Cuomo and the Legislature, the latter the long-time poster child for government dysfunction, are co-creating a new moniker that is altogether more complimentary and at once reflective of the high expectations that the voters hold for state governance. Their often stuck-in-the-muck counterparts at the local level and in Washington should take copious notes. Albany is on the verge of accomplishing something big.
A deft Cuomo on Tuesday made a swift and decisive pivot from his unambiguous campaign pledge not to raise taxes, announcing a broad agreement with legislative leaders — Democrats and Republicans, upstate and downstate lawmakers alike — that would mean a tax cut for many New Yorkers, including a $690 million cut to middle-income payers, and a tax hike for the wealthiest payers.
The new tax rates would be lowered for all income brackets, but higher than the ones for the very richest New Yorkers, rates that are set to expire at year’s end. The changes, if given final legislative approval, position New York to enact the kind of tax fairness that has eluded a splintered Congress and the White House. The latter has been pressing reluctant Republican lawmakers to renew a payroll tax cut set to expire at year’s end, enact a related tax cut for employers, and to increase taxes for the wealthy. …
Here’s what our colleagues are saying today:
Cuomo cuts taxes: Editorial, Daily News
Encouraging action in Albany: Editorial, Newsday
Albany’s tax deal: Editorial, The New York Times
Larry, Curly and Moe: Editorial, New York Post