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Albany, NY
Informing and Connecting Engaged Citizens
Albany
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March 22, 2017
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Potential Income Tax Impacts of Proposed Amendment to the AHCA

" 'The American Health Care Act as drafted by the Republican Congress and amended by Representatives Collins and Faso will devastate the New York Healthcare system. The Republican plan will leave 2.7 million New Yorkers without healthcare and cut $4.7 billion from the state’s Medicaid budget. This comes after the Republicans promised the exact opposite: That no American would lose healthcare and that no block grant would cut funding to the state.' " , said Governor Cuomo as reported by the NYS Governor's Website.

" 'Life has options and the hard reality is that Collins and Faso are leaving New York State with only two unacceptable choices. Either, we could pass on the devastating cuts to our hospitals, nursing homes and the 40 percent of New Yorkers who currently receive Medicaid and health benefits. Or, we would be forced to raise state income taxes – either by increasing taxes on all New Yorkers by 10 percent, or if Collins and Faso have their way in protecting only the wealthy, on the middle class by 26 percent. Any tax increase flies in the face of New York’s success in reducing spending and taxes to record lows.' "

" 'To devastate our healthcare industry will not only affect millions of lives, but disrupt one of the state’s main economic engines. Healthcare is a pillar of the New York economy.' "

See link to full article below.
Source:
The NYS Governor's Website
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