McLaughlin: Albany Cannot Hold Property Tax Cap Hostage

April 12, 2011
Assemblyman Steve McLaughlin (R,C-Melrose) today expressed reservations with the Assembly Majority’s push to pass rent-protection giveaways for wealthy Manhattanites while once again ignoring property tax relief for Upstate New Yorkers. McLaughlin questioned why property tax cap legislation was killed for Upstate New York middle-class families while 1.1 million New York City renters were given another tax-funded bailout. McLaughlin believes the Assembly Majority should stop holding the taxpayers’ agenda hostage with Albany politics.

“The sole sponsor of Governor Cuomo’s property tax cap in the Assembly, Shelly Silver, has once again refused to bring it to the floor for a full vote,” said McLaughlin. “The governor supports it, the Senate supports it, and it’s long overdue for an up-or-down vote in the Assembly. It’s time to end the games and political theater: let’s do what’s right for all of New York and deliver a property tax cap now.

“The Assembly Majority has indicated, with its so-called “millionaire’s” tax, that New Yorkers earning $200,000 and up could afford to pay more in taxes. Yet, the Majority’s rent-control giveaways to millionaires apply to those renters with incomes as high as $300,000. The hypocrisy of their actions has never been more apparent.

“In a Siena poll released Monday, property taxes rated the top statewide concern among Empire State residents. The majority of families, homeowners, and small-business job creators already have spoken: property taxes are their top priority. The Assembly Majority’s decision for more rent-control subsidies for 1.1 million politically-connected New York City dwellers defines how out of touch their priorities for Upstate New York are.”

“I will continue to advocate for my constituents through legislation calling for a property tax cap to be set at 2 percent or the rate of inflation, whichever is lower, and the elimination of unfunded state mandates. We cannot continue to hold hostage something that the majority of taxpayers demand. On the question of property tax reform, failure is not an option.”