Friday, March 31, 2017

New York state budget contains slew of tax hikes, including a ‘completely hidden’ tax on health care

New York state budget contains slew of tax hikes, including a ‘completely hidden’ tax on health care: Another state budget season has arrived, along with the taxes synonymous with government in New York

Gov. Andrew Cuomo’s $162 billion spending plan released Tuesday contains a slew of tax hikes — including $26 million on prepaid cell phones, $5 million on vaping, $136 million on online shopping and $23 million on cigars. There’s also the proposed extension of a massive program that has been called a sales tax on health care.

“It was $1.5 billion when it started and now it’s almost $4.5 billion,” Bill Hammond of the Empire Center, a tax watchdog group said Friday of the so-called HRCA health care tax structure. “It’s completely hidden” by being built into the health care system and consumers “don’t even know this is going on unless somebody explains it to them.”

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