News from the Gubernatorial Race in New York


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New York’s GOP gubernatorial candidate, Carl Paladino, has spent the past month pledging to cut taxes by 10 percent and slash state spending by 20 percent to address the state’s looming budget shortfall. The details of his tax cuts have been sparse, though in campaign stops he has referred to cutting personal income tax rates, reducing corporate minimum taxes, and eliminating the corporate franchise tax for manufacturers.

Most recently, Paladino has admitted that his plan to reduce spending by 20 percent in one year is “unrealistic” because “closing state agencies, cutting the workforce and trimming Medicaid takes time.”

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