“Last night, my Assembly colleagues and I debated at length legislation (A.11590), presented by Mr. Cahill, authorizing two new taxes on oil companies. This bill is merely a political maneuver by the Assembly Majority and fails to offer any immediate relief to families who are forced to cope with soaring fuel prices.
In reality, this legislation will only cause oil companies to pass their new cost burdens on to the consumer, adding $749 million in taxes to New Yorkers this year and $830 million next year. Ultimately, this bill will increase costs to my constituents in Upstate New York, as well as all New Yorkers, at a time when they are already struggling to make ends meet.
Advancing this legislation during an election year demonstrates that it is nothing more than a political ploy. Instead, we need to devote time and energy to find a real, long-term solution for the families of Upstate New York. I stand behind my position to eliminate all State taxes on fuel and I am proud to have voted against this bill.”