I don't know if the Governor's "pension smoothing" will work, but I do support his efforts to curtail the practice of handing out....or in most cases, selling...various tax exemptions in the name of "economic development."
Mr. Cuomo's proposed budget seeks to restrict things like sales tax exemptions which are handed out by IDAs in exchange for fees.
Hey, I regularly invest in my business and would love to not pay sales tax on building materials and services....But I think I should pay my "fair share."
You see , it's not taxation that bothers me so much, it's the hand outs for the well-connected, the "not-for-profits" with six figure executive directors, and various others who get to transfer title for a day to avoid taxation.
Let me make it as clear as I can....The elected representitives are charged with deciding who has to be subjected to the confiscatory power of government through taxation.
Why are these unelected bodies, bureaucracies and lawyers given the power to obviate taxation in exchange for God knows what ?
I know....let the professionals do it. Well, I've had enough and have seen enough, although I bear no personal animus towards those who do such things.
Be bolder in tax break reform - Times Union