Reply #4: Hey

[ProSense]

"You're just mad at Cuomo because he won't kowtow to Obama on the mortgage meltdown settlement."

...it's not my fault you're impressed with Cuomo's math.

Reuters:

<...>

‘Collapsing” Revenue

Last week, the governor said revenue is “collapsing” amid shrinking Wall Street bonuses and job cuts in the finance industry, which accounted for more than 20 percent of wages paid by businesses in 2010. New York has projected a $3.5 billion deficit in fiscal 2103, which begins April 1, and a $350 million gap this year. It’s one of four states, including California, Missouri and Washington, to report midyear budget deficits, according to the National Conference of State Legislatures.

The new tax code would generate $1.9 billion in additional revenue while also cutting taxes for 4.4 million middle-class residents by $690 million, Cuomo said. A 2009 surcharge on those who earn $200,000 or more that’s set to expire Dec. 31 generated about $4 billion a year, according to the Budget Division.

<...>

Last I checked, $1.9 billion is less than $4 billion. It's an across-the-board tax cut...$2.5 billion worth of cuts.