Lalor Asks Skelos to Stop Costly Subsidy for Billionaire

East Fishkill, NY - Assemblyman Kieran Michael Lalor (R,C,I - East Fishkill) is calling on Senate Majority Leader Dean Skelos to drop the reported effort to include a giveaway to billionaire donor John Catsimatidis in the budget, which would cost New Yorkers tens of millions of dollars. The New York Post reported on the Senate Majority Leader’s effort to include a costly biofuel mandate for heating oil in this year's budget. Catsimatidis is lobbying for the regulation and stands to reap a windfall through his new biofuel production plant. The plan would add $150 million to the cost of heating oil across New York.

"This is the worst form of crony capitalism from Albany," said Lalor. "This would benefit Skelos' billionaire donor Catsimatidis by taking money from the pockets of regular New Yorkers. It's already expensive enough to live in New York. New Yorkers don't have any money to spare to subsidize Catsimatidis. Crony capitalism and out-of-control corporate welfare are killing this state. This giveaway to Catsimatidis cannot go forward."

Lalor added, "We're not going to fix New York with more handouts to Albany's cronies. I hope Senator Skelos will put a swift end to this effort by a billionaire and his friends in Albany to pickpocket New Yorkers. If Catsimatidis has a good product, he should compete on the open market to sell it. He shouldn't be able to lobby and pay off his friends in Albany to mandate that New Yorkers buy his product. If Catsimatidis and Skelos have to force New Yorkers to buy something, they're probably selling snake oil. Crony capitalism is wrong, whether it's the minority or the majority party practicing it. We can turn New York's economy around by using the billions we now spend on corporate welfare to, instead, fund across-the-board tax relief for all New Yorkers."