Taxes, Bailouts, and Subsidies, Oh My! New Report Showcases Big Businesses Bad Practices

61056391 31343afdc6 Taxes, Bailouts, and Subsidies, Oh My! New Report Showcases Big Businesses Bad Practices A coalition of grassroots groups released a report today accusing the Andrew Cuomo-allied Committee to Save New York of taking billions of dollars in government subsidies and of trying to shirk paying taxes. The Public Accountability Initiative says that businesses affiliated with the committee have been approved for $2 billion in state and local subsidies and that annually these businesses receive $5 billion in tax expenditures, money that could have been used for New York’s budget crises.

“This shouldn’t be allowed to happen in America,” said Ketny Jean-Francois, co-chair of the Board of Directors of Community Voices Heard.  “Our state government shouldn’t be for sale. Rules and laws should be made in the interests of all the people of New York, not just the privileged few.”

The report also points out that the CSNY had an influential stake in Andrew Cuomo’s race to become governor. Cuomo received overall $25.6 million over two years, with over $1.8 coming from Committee members.

“It’s clear the big money and big corporations affiliated with the Committee to Save New York are getting what they paid for when it comes to Governor Cuomo’s agenda for New York,” said Wanda Hernandez, a VOCAL leader and Board member.

According to its website, The Committee to Save NY stands for “fiscal sanity to state government in order to ensure that future generations of New Yorkers will have the opportunity to get a great education, find a good job or start a new business and prosper.” Board members cover a wide spectrum of firms, including real estate, construction, and non-profits. 

The Executive Summary of the report is included below.

 

 

49537185 Cmte Scam NY Exec Summary Feb2011