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Tuesday, February 16, 2010

Sean Hennessey's Northcountry Democrat Blog Hit the Highlights of Kathleen Rice's visit

Assemblywoman Russell: Governor’s budget ‘gimmick’ is wrong, hurts working families and small businesses

Governor’s budget would defer income and business tax refunds

Assemblywoman Addie J. Russell (D-Theresa) is criticizing Governor David Paterson for aspects of his budget that would harm both working families and small businesses by deferring tax refunds until the next fiscal year.

“Families and small businesses count on their tax refunds to make ends meet, and by freezing refunds, the governor’s holding on to money New Yorkers need in their pockets now,” Russell said. “Overpayments belong to the taxpayer and should be returned as quickly as possible, not be used as an interest-free loan by the state. Our families can not afford it.”

Under the governor’s plan, New Yorkers who file their taxes electronically will have to wait months for a refund instead of days, a move that will delay the return of more than $500 million until the next fiscal year.

Also, the governor has frozen $200 million in business tax refunds, which will hamper already struggling small businesses and prevent them from hiring new employees.

“Right now we need to get New Yorkers back to work, and that means doing what we can to create new jobs right here at home,” Russell said. “Small businesses are the backbone of our economy, and as long as they can not hire,
New York is not going to get back on track. The governor’s budget would tie the hands of small businesses and force our economy further in the wrong direction.”


Dan Francis said...

Mrs. Russell... that what you say, as opposed to what: NYS going broke or belly up, you meant to say, right?

Anonymous said...

Hogwash.. NYS and CA are the leading welfare states in the country. Plus the outlandish union pensions are crushing everyone. Oh and not to mention some of the highest property taxes in the country.

Anonymous said...

When you overpay your taxes, this is an interest-free loan to the state, wake up don't let this happen. Hey 7:07 right you are but do you expect the lawmakers anywhere to denounce the "pension" when it affects them?? Look at Gentleman Jim he took a job at DANC, delayed his state pension because his 150K at DANC will increase his pension by 50%.