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Before Cuomo fund-raiser, state appeared to fast-track tax credit

capitalnewyork.com

11–17 of 17 posts

Re: Before Cuomo fund-raiser, state appeared to fast-track tax credit

#11
While this is interesting to some extent, surely this emphasises more that there is something wrong with the state's tax processing? If all the paperwork was in as necessary, why were they having to pull strings at all to get them processed?

Why is the state's system so inefficient?

How much money could the state be saving by improving the process?

How much are businesses being negatively impacted by the slow speed these credits are being processed?

Re: Before Cuomo fund-raiser, state appeared to fast-track tax credit

#12
post #8

The article tries to massage some kind of connection between tax breaks and a re-election campaign. From the information provided, I don't see it. In particular, if you or I clocked up $26m in tax breaks for a tax year, that would suggest that you or I were investing (say) $50m into the state every year. In that case, as the state, I would be very happy to dedicate an employee or two to making everything run as smoot…

it should be clear to the pragmatic that the people who have more money to spend should receive more attention.

This is a matter of culture and not a natural law. You could just as easily say that people with more money have more time to wait.

Re: Before Cuomo fund-raiser, state appeared to fast-track tax credit

#13

Reminder that the Cuomo campaign asked Sony for $50k. There is a $5k campaign contribution limit to prevent corporate interests from ruling the political sphere. They were aware of this limitation, so they used their corp email to ask employees to contribute to the goal, because Cuomo supports actions that benefit the company itself. It is arguable whether this is legal or not, but it certainly is against the ideal b…

I'm no particular fan of Cuomo or Sony, but it's unfair to imply this is illegal or even uncommon behavior.

Re: Before Cuomo fund-raiser, state appeared to fast-track tax credit

#14
post #9

Earlier quoted context omitted.

Illegaly obtnaied data is kind of a silly thing. If it's out there and it's real does it really matter how it was obtained? Does it affect the data validity? Why wouldn't people be able to analyse it? Nobody could go to jail because of it, after all. To make it illegal to analyse it and disclose the findings is really silly.

[Fruit of the poisonous tree]

Like I said, nobody would go to jail because of the data, even when everybody knows it is the real deal. But to prosecute people who analyse the data and publish the findings is going too far, IMO. Nobody is( or should be) prosecuting journalists for publishing the same kind of data, the same goes for everybody else.

Re: Before Cuomo fund-raiser, state appeared to fast-track tax credit

#15
post #3

I can't say this surprises me, but as a founder based in NYC who's seen how unpleasant the city is to small business I'm disgusted by this. I want NYC to grow into a hub for entrepreneurs and founders, one that's better than bloated valuation valley, but this sort of behavior will never let it...

At least he cares about NYC... Those of us in the rest of the state have very little positive to say about him... Whether it's stripping schools districts of funding and any sort of local decision making, or the NY SAFE Act (I'm very pro gun-control... the SAFE act was a _terrible_ bill, passed in a very shady way), he has been a singularly bad governor, in my opinion.

I miss Patterson...

Re: Before Cuomo fund-raiser, state appeared to fast-track tax credit

#17
post #11

While this is interesting to some extent, surely this emphasises more that there is something wrong with the state's tax processing? If all the paperwork was in as necessary, why were they having to pull strings at all to get them processed? Why is the state's system so inefficient? How much money could the state be saving by improving the process? How much are businesses being negatively impacted by the slow speed t…

I think there is also a question about whether such extravagant credits only easily capturable by large entities like Sony should exist - but I agree, the 'outrage' seems to be misdirected at some apparent malfeasance. No. The outcome was within the law; Sony was legally due the money.
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