Federal Tax Provisions Give Disproportionate Benefits to Higher-Income New Yorkers
A new report by Comptroller DiNapoli analyzed the federal tax provisions enacted under Public Law No: 119-21 at the beginning of July and how they may impact New Yorkers. While the law made permanent many tax changes included in the 2017 Tax Cuts and Jobs Act, it includes new tax breaks for seniors and the working class that are largely temporary. These minimal tax benefits, along with the significant cuts in safety net spending included in the legislation, will put a larger burden on New Yorkers trying to make ends meet.
“Many of the tax benefits in the federal legislation passed in Washington this summer will continue to go to those with higher incomes,” DiNapoli said. “This was a lost opportunity to improve the tax code; instead, the new federal law adds complexity and creates inequities. Low-and middle-income New Yorkers will see few long-term benefits while bearing most of the burden of the bill’s significant spending cuts to vital programs.”
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Westchester Groups Get Back Lost Funds
Returning nearly $12K to New Yorkers will make any day a great day. Comptroller DiNapoli joined Westchester County Executive Ken Jenkins this week in White Plains to present unclaimed funds checks to a number of local groups, including The Business Council of Westchester, My Sisters' Place-Westchester, NY, the White Plains City School District and Plumbers and Steamfitters Local 21.
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Comptroller DiNapoli's State Audit Staff Receives National Recognition for Excellence
Staff from Comptroller DiNapoli’s State Government Accountability team were recognized by the National Association of State Auditors, Comptrollers and Treasurers (NASACT). The team was given a National State Auditors Association Excellence in Accountability Award for their audit of the NYS Division of Human Rights and their investigation into housing discrimination complaints.
Budget and Policy Team Honored by Hudson Valley Pattern for Progress
This week, Comptroller DiNapoli joined members of the Hudson Valley’s regional planning and research organization, Pattern for Progress, to celebrate their 60th anniversary in Poughkeepsie. The Comptroller’s Office of Budget and Policy Analysis received the organization’s Progress in Action award for its use of data and objective research to help New Yorkers understand a broad range of policy issues that affect our communities.
Former Fulton County Snowmobile Club President Pleads Guilty to Stealing $17k
Comptroller DiNapoli, Fulton County District Attorney Mike Poulin and New York State Police Superintendent Steven G. James announced that the former president of the Snowdrifters of Stratford pleaded guilty to stealing $17,000 from the nonprofit. As part of his plea agreement, he paid full restitution to the club.
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Former Captain of Town of Moriah Ambulance Squad Arrested for Allegedly Stealing Over $14k
Comptroller DiNapoli, Acting Essex County District Attorney Michael P. Langey, and New York State Police Superintendent Steven G. James announced the arrest of the former Captain of the Town of Moriah Ambulance Squad for allegedly stealing over $14,000 from the Town.
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A L S O I N T H E N E W S
- New Yorkers could be owed lost money, state comptroller says
- New York has few winners in new federal tax cuts, Comptroller finds
- From corn mazes to kangaroos, New York farms shift to selling memories
- Interview: New York State Comptroller Visits North Country
- Bonus Interview: Comptroller DiNapoli on Child Care, Broadband, and Unclaimed Funds
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