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Empire State Review

Cuomo On Taxing Wealthy: “People Will Take a Certain Amount of Abuse”

Via the New York Daily News (HT Empire Report):

While Assembly Democrats push to not only extend but expand a tax on the rich, Gov. Cuomo warns even the wealthy have limits.

Cuomo has proposed extending a tax surcharge on millionaires set to expire at the end of 2017, but was skeptical during a meeting with the Daily News Editorial Board last week about going much further.

The Assembly Democrats support an extension but wants to add three brackets for those earning at least $5 million, with the top rate hitting 10.32% for those making over $100 million a year.

“People will take a certain amount of abuse and then there is a point,” he said. “The question is, what is that point? Nobody knows for sure, but you don’t want to reach that point.”

Read more at the Daily News

Rusty Weiss

Rusty Weiss is a freelance journalist focusing on the conservative movement and its political agenda. He has been writing conservatively charged articles for several years in the upstate New York area, and his writings have appeared in the Daily Caller, American Thinker, FoxNews.com, Big Government, the Times Union, and the Troy Record. He is also Editor of one of the top conservative blogs of 2012, the Mental Recession.

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