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Tag Archives: Andrew Cuomo

Cuomo Admits Tax Burden on “the Rich”

Finally, a major Democratic politician admits it. [Governor Andrew] Cuomo said the super-wealthy in New York – accounting for 1 percent of tax filers – end up paying 46 percent of the personal income taxes the state collects each year. “Tax the rich. Tax the rich. Tax the rich. We did that. God forbid the rich leave,” Cuomo said of a mobile group of people who can more easily switch residences to states with lower state and local tax levels. This is from Tom Precious,...

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Andrew Cuomo on Halloween – Far More Terrifying Than Michael Myers

Peter Schmidt recently wrote two article highlighting the fatal conceit of PhD central planners who populate the world’s central banks. You can read those articles here and here. But central banking is not the only place you find people suffering from fatal conceit and the delusional notion that they are smart enough to micromanage the economy. You find a lot of these people in government offices as well.For instance, consider New York Gov. Andrew Cuomo. Before he moved into the governor’s...

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Suffolk County DA Used $3.3 Million In Asset Forfeitures To Fund Massive Public Employee “Bonuses”

Just over a month ago we wrote about the curious case of Frank Ranelli of Alabama and the growing problem of asset forfeitures all across the United States.  Ranelli, who owned a local computer repair shop in Ensley, Alabama, showed up to work one day in 2010 only to later be raided by local police who proceeded to confiscate thousands of dollars worth of assets.  Nothing ever came of the case and despite no official charges and no jury trial, Ranelli, after 7 years of effort, has been...

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Andrew Cuomo Refuses Federal Data Request Related To Trump’s “Voter Fraud Myth”

Shortly after moving into the White House, President Trump promised a "major investigation into VOTER FRAUD" and vowed that any evidence of wrongdoing would be used to strengthen voting procedures.  The following tweets undoubtedly 'triggered' millions of liberals across the country as visions of 'racist' voter ID laws danced in their heads. I will be asking for a major investigation into VOTER FRAUD, including those registered to vote in two states, those who are illegal and.... — Donald J....

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Shake Shack Confirms Worst ‘Minimum-Wage-Hike’ Fears – “It’s Going Up Too Fast… We Can’t Catch Our Breath”

As we detailed earlier, Shake-Shack shares crashed to record lows after the fast-food restaurant as increased labor costs (thanks to Obama's minimum-wage-hikes) crushed margins and caused menu price hikes that slowed demand... Shack-level operating profit margins decreased 300 basis points to 25.2%, primarily due to increased labor and related expenses resulting from increases in hourly wages that were implemented at the end of fiscal 2016... Every market's different, John, and every market...

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How Did NY Gov. Cuomo Make $783,000 From A Book That Sold Only 3,200 Copies?

Fox News Channel parent News Corporation may be wrapped up in the sexual harassment accusations surrounding host Bill O’Reilly, but, as International Business Times' Lydia O'Neal reports, the company is facing another long-running scandal involving what appear to be exuberant payments to a Democrat - payments that occurred even as News Corp. was lobbying the New York State executive branch, which Gov. Andrew Cuomo oversees. The New York governor, whose memoir was published by the News...

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New York Set To Be First State With ‘Free’ Tuition At Public Colleges

A last minute budget negotiation late Friday pretty much ensures that New York will be the first state to offer 'tuition-free' public higher education to its entitled snowflakes.  The $163 billion state budget agreement includes the Excelsior Scholarship, which covers tuition for any New Yorker accepted to one of the state’s community colleges or four-year universities, provided their family earns less than $125,000 a year. Of course, for politicians, 'free' is just a nice way of saying...

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Perfect Example Of Why Job Losses From Minimum-Wage-Hikes Are Being Underestimated, ‘Bigly’

Over the past several months, we've highlighted a number of economic studies analyzing the potential negative impact, in terms of job losses, that may be expected to result from the state-mandated minimum wage hikes that are currently being implemented around the country. One such study came from the American Action Forum (AAF) and estimated that 2.6 million jobs will be lost around the country over the next several years as states phase-in minimum wage hikes that have already been passed...

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New Study In D.C. Finds That New $15 Minimum Wage Could Cost 1,200 Jobs

Authored by Ted Goodman via The Daily Caller A new study that analyzes the potential effects of a $15 minimum wage in the District of Columbia (Washington, D.C.), found that an increase to $15 could cost 1,200 jobs. The District of Columbia’s Office of Revenue Analysis released a report Thursday, asserting that 150,000 workers in the District would be affected by the higher minimum wage and as many as 1,200 jobs could be lost by 2020 due to the new policy.  Of course, nearly one-third of...

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50 Million Americans Brace For “Crippling Blizzard” In Northeast

A major Nor'easter threatens to shut down travel due to heavy snow and strong winds from Washington, D.C., to New York City and Boston early this week, as weather forecasters on Sunday put the U.S. East Coast on a blizzard watch, warning some 50 million people of potential snowfall from 12 to 18 inches, coupled with wind blasts in some areas from Monday night into Wednesday. New York City issued a snow alert for Monday night, preparing its fleet of snow plows to deal with the fallout....

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