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News Link • TAXES: State

Soak-The-Rich Strategies Backfire In State After Deficit-Ridden State


New York had to grab control of its spending rather than continue raising taxes, said the former state senator with a long tax-and-spend track record, in what amounted to the equivalent of ideological heresy.

Still, as a political lightweight and accidental governor, Paterson quickly got rolled by the big-government wing of his own party, which passed a budget for this year with $6.1 billion in projected new taxes and fees, led by sharply higher rates starting for those earning more than $200,000 a year.

Asked if the budget made sense in the recession, an outgunned Paterson said: "None of this makes sense."

I suppose it is cold comfort to New Yorkers that Paterson is now giving his political enemies the "I told you so" treatment. Speaking t

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