Brexit turmoil prompts 11 British MPs to leave parties, form new alliance
Trump Admin Plans To Cancel $929M For California High-Speed Rail
U.K. plans to strip ISIS teen bride of citizenship: Lawyer
Alabama woman who joined Islamic State seeks return to US
Saudi crown prince heads for Pakistan amid India tensions
Last thing NY needs is a payroll tax
17 January 2018, 02:13 | Tara Lloyd
NY will launch a study into whether it's plausible to legalize marijuana for recreational use in the state, Gov. Andrew Cuomo is set to announce Tuesday. By doing so, the tax burden would shift from workers - who face new limits on their ability to deduct state income taxes - to employers, who could still take full deductions for such payroll taxes.
The proposal to study recreational marijuana comes as NY faces a $4.4 billion budget deficit, where the governor and legislature are looking to shore up revenue.
Meanwhile, relatives of New Yorkers who suffered through terminal illnesses returned to Albany last week to urge passage of a law authorizing people with fatal diseases to seek life-ending medication from a physician.
2 escape with $7m Ritz jewellery
Diana, Princess of Wales dined at the hotel shortly before she was killed in a vehicle crash on the night of August 31, 1997. The hotel, owned by Mohamed Al Fayed, reopened last year after four years of refurbishment work.
Cuomo's proposal also includes a variety of "revenue actions" - tax and fee increases. The state already has a statute where we get the majority of the revenues. Let them work with the state police and other agencies. Almost all school districts in Erie County would see Foundation Aid increases of under 2 percent under the Cuomo plan. Foundation aid is propose to increase by $338 million. State school aid will hit $26.4 billion under the Cuomo plan, an increase of $769 million. The marijuana panel news was reported by the Daily News ahead of Cuomo's speech.
The Assembly leader has been among Cuomo's most vocal allies on efforts for NY to try to end-run the new federal tax law and its limit on state and local taxes.
Cuomo says instead of taxing income received by employees, the state would tax wages paid by employers to counter the loss of income deductibility. He said a study will be released soon that explores converting the state income tax to a payroll tax and substituting charitable donations for local property taxes.
New York's medical marijuana program, signed into law by Cuomo in 2014, has struggled in its first few years of operation.
He also said he'd like to see the state create a dedicated funding stream for transportation projects out of existing resources, according to the News. This would mitigate the impact of the federal tax plan on high-income earners, he said.
"They weren't expecting the tax cut; they got the tax cut", Cuomo said.
Trump to attend WEF gathering in Davos
The first sitting U.S. president to appear in Davos was Bill Clinton in 2000, at the forum's 30th anniversary session. She added that Trump wants to promote his policies for strengthening American businesses, industries and workers.
Serena says motherhood may make her better player
The reigning champ and seven-time victor had hoped to defend her Australian Open title but pulled out following the complications. She spent an extra week in the hospital following the baby's birth, then was forced to spent the next month and a half in bed.
Bar Association wants judges to sort out rift
The four rebellious judges had raised a question over the allocation of Loya's case to Justice Mishra. After meeting Chelameswar in the afternoon, Mishra said, "We have been told that there is no crisis".
Koreas agree to string it together for Olympics
Formed in 2012, when Kim was taking power, the outfit is modeled after a western girl band and has 10 members. South Korean conservatives worry about the implications of letting the band perform at the Pyeongchang Games.