Both employers and their employees will be paying more for healthcare unless Congress pumps the breaks on the Health Insurance Tax (HIT). Imposed by the Affordable Care Act, the HIT is set to go into effect for 2019 unless Congress agrees to delay it through 2020.
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.
The Buffalo Niagara Partnership recently unveiled its 2018 Advocacy Agenda to a capacity crowd of members and elected officials in downtown Buffalo.
Benjamin Franklin once said that “in this world nothing can be said to be certain, except death and taxes.” Let’s avoid a conversation about death and instead concentrate of the (slightly) less gruesome of certain things: taxes.
Regional employers are optimistic about the local business climate, but unconvinced that New York State is becoming more business friendly. This dichotomy is just one of the top line results of the Buffalo Niagara Partnership’s annual advocacy survey.
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.
Expert Forum written by: Michael J. Tedesco, Senior Associate with Andreozzi Bluestein Weber Brown, LLP.
Some state lawmakers are pushing legislation to create the State Office of the Utility Consumer Advocate.
On the surface, who could object to having an advocate in place to represent the interests of residential utility customers across New York State?
Manufacturing Days represents the opportunity for regional manufacturers to speak to state politicians about the policies that are of most importance to them.
In two weeks, on March 23 and 24, the Manufacturers Association of Central New York will be hosting its eighth annual Manufacturing Days in Albany.
The legislative session is in full swing in Albany and The Partnership is pleased to present our take on Governor Cuomo’s budget proposal.
The information below is not a comprehensive review of the Governor’s proposals, but rather a targeted look at issues that are of key interest to the Partnership and its membership: