Healthcare Taxes Central to Governor’s Budget Proposal

Governor Cuomo’s Executive Budget proposal looks to close the state’s $4.4 billion deficit with a series of revenue actions – government speak for new taxes and fees.  The majority of these new taxes fall on the healthcare industry, continuing New York State’s long history of taxing healthcare to pay for healthcare.  This reliance on healthcare taxes is one of the main reasons New Yorkers pay some of the highest healthcare premiums in the country and why Buffalo Niagara employers identify healthcare costs as a growing pain point.

2017 Advocacy Agenda Expanded – Taxes & Labor Costs

In putting together our annual Advocacy Agenda, we survey our membership to gauge their pain points and areas of concern. Each year, our members continue to identify high taxes and escalating labor costs as their largest barriers to success.  Those results are not surprising.  Buffalo Niagara employers operate in one of the most highly taxes and overly regulated economic environments anywhere in the country.