Stability and Volatility in New York's Income Tax: Testimony of Donald J. Boyd Before the New York State Senate Select Committee on Budget and Tax Reform
Publication Date: March 2009
Publisher(s): Nelson A. Rockefeller Institute of Government
Author(s): Donald J. Boyd
Keywords: Income Tax; Tax Reform
Coverage: New York
As New York legislators consider raising the income tax on high-income earners, Institute Senior Fellow Donald J. Boyd testified on the issue before a Senate committee. Noting that tax policies involve trade-offs, Boyd said the proposal would raise billions for spending that could benefit the economy, but could also fuel undesirable volatility in revenue.