New York approves $9 minimum wage

[88m3]

ALBANY, N.Y., March 29 (UPI) -- The New York Legislature approved a $135 billion budget that included a $9 minimum wage and a middle-class tax rebate paid for by the "millionaires tax."

Gov. Andrew M. Cuomo, Dean Skelos and Jeff Klein, Senate Majority Coalition co-leaders and Assembly Speaker Sheldon Silver announced early Friday the passage of the 2013-14 budget before the April 1 deadline -- marking a state budget approved before the deadline for the third year in a row.

"When I took office more than two years ago, New York was at a crossroads, with families and businesses leaving our state and a government that had lost the trust and confidence of the people. Year after year the budgets were late and the entire process had become a symbol for the dysfunction and chaos of Albany," Cuomo said in a statement.

"After years of out of control spending, for the third year in a row we have an on-time budget that holds spending growth under 2 percent."

The budget raised the minimum wage from $7.25/hour to $9/hour over three years, beginning with $8 by the end of 2013, $8.75 by the end of 2014, and $9 by the end of 2015, the governor said.

The budget included $1.23 billion in new tax cuts to middle-class families over three years. Families with incomes between $40,000 and $300,000 who have a child age 17 or under will be eligible to receive a child tax credit of $350 per year, beginning in 2014. The credits will be paid for, in part, by an extension of a tax surcharge on couples earning more than $2 million annually, the "millionaires tax," which had been scheduled expire next year. This tax raises about $2 billion annually. An energy surtax, also scheduled to expire, was extended.

The budget also included nearly $800 million in tax relief for New York businesses over three years.

In addition, to help New York's returning soldiers and young people find work, the budget included a permanent tax credit for the hiring of veterans and tax credits for businesses that hire youth.

As part of the budget, the Legislature closed two prisons -- Bayview in Manhattan and Beacon in Dutchess County. Bayview had been evacuated and has remained vacant as a result of Hurricane Sandy. These closures will reduce annual operating costs of the Department of Corrections and Community Services by $20 million and eliminate 432 excess beds. The budget also allocated $11 million in funding to alternatives to incarceration and employment programs to reduce recidivism.

New York state approves $9 minimum wage as part of $135 billion budget - UPI.com

Kind of an old story but it may have fallen through the cracks here.
Should be around 15/20$ but well leave that alone for now.

 

[No1]

@Broke Wave where is that TLR thread where these guys told us it wasn't possible....

 

[Kings County]

Kind of an old story but it may have fallen through the cracks here.
Should be around 15/20$ but well leave that alone for now.

what small business can afford 15-20 an hour u retard

 

[88m3]

what small business can afford 15-20 an hour u retard

hurr durr let the free market sort them out


if they have a viable product or service they'll be fine

 

[Broke Wave]

@Broke Wave where is that TLR thread where these guys told us it wasn't possible....

In the bushes, like Austrian Economics

 

[Sandy_Cheeks]

well, that's better than what it was but still not enough to live on or even eat on.

 

[thekingsmen]

9 dollars an hour isn't enough to survive in NY....their rates are I agree with @88m3

 

[88m3]

well, that's better than what it was but still not enough to live on or even eat on.

That's what I'm saying bro, a fukking steak costs 14$ that more than an hour worth of labor for one meal!

9 dollars an hour isn't enough to survive in NY....their rates are I agree with @88m3

Can you believe it was 7.25$? I googled it earlier today out of curiosity, that's really messed up. When I was 14 it was like 5.25.

 

[Sandy_Cheeks]

That's what I'm saying bro, a fukking steak costs 14$ that more than an hour worth of labor for one meal!




Can you believe it was 7.25$? I googled it earlier today out of curiosity, that's really messed up.

Exactly! I live in the south and $9 an hr still aint shyt to live or eat off on. I swear this country wants everybody to stay in a fukced up situation whether you are educated or not.

$7.25 an hr makes muhfukcas rather go out and steal or slang just to survive since they know damn well aint no survining off of about $250 a wk (after taxes).

 

[thekingsmen]

That's what I'm saying bro, a fukking steak costs 14$ that more than an hour worth of labor for one meal!








Can you believe it was 7.25$? I googled it earlier today out of curiosity, that's really messed up.

NY-State taxes are worst in the nation. Im not surprised at all.

 

[Kings County]

hurr durr let the free market sort them out


if they have a viable product or service they'll be fine

:menlie: can tell u dont know shyt about economics or business

 

[88m3]

Exactly! I live in the south and $9 an hr still aint shyt to live or eat off on. I swear this country wants everybody to stay in a fukced up situation whether you are educated or not.

$7.25 an hr makes muhfukcas rather go out and steal or slang just to survive since they know damn well aint no survining off of about $250 a wk (after taxes).

I agree there's no question about it. You get raped on your check by the taxes here as well. People aren't even living check to check, they are living in perpetual debt!

 

[88m3]

:menlie: can tell u dont know shyt about economics or business

what ever makes you feel better about yourself, champ!


any more personal attacks?

 

[Sandy_Cheeks]

I agree there's no question about it. You get raped on your check by the taxes here as well. People aren't even living check to check, they are living in perpetual debt!

Exactly. And the sad truth is that our country would prefer to keep it like that. Those at the top get their pockets lined by us struggling to survive. Folks think that getting a degree will solve all of their financial problems and that's a damn lie. One shouldn't come out of school more educated then they entered with and more in debt then they started with only to make a little piece of shyt money that they can't even live off on.

And if you do make good money your usually working 50-60 hrs a week which should be against the damn law.


All this shyt makes me mad

I would like to know why can't minimum wage be $12-15 an hr in ALL states. It's nothing to make moves off of but it can better the quality of life for many people who are so used to making less.

 

[Chris.B]

I don't approve of this.

It will inflate basic products...all business leaders have to do is raise their prices.

INCOME INEQUALITY IS WHAT MAKES CAPITALISM GREAT.