New York Democrats propose 4% tax on Netflix and Uber to fund public transportation

State Democratic lawmakers successful New York are considering a caller taxation summation to thief money nationalist transportation. 

In bid to forestall commuters from facing a fare hike, Democratic members of nan New York authorities Assembly introduced a scheme that would enforce a 4% income taxation connected video and audio streaming services. 

The Wall Street Journal reported that New York Gov. Kathy Hochul, D., met privately this week pinch legislative leaders to determine an astir $227 cardinal spending scheme earlier nan existent New York authorities fund expires astatine nan extremity of March.

Commuters hold connected nan level astatine nan Times Square subway position successful New York, US, connected Wednesday, May 25, 2022.  (Stephanie Keith/Bloomberg)

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According to IndieWire, specified taxation has occurred before.

"A Netflix rep told IndieWire that a 4 percent section income taxation already applies to Netflix subscribers successful New York. This besides wouldn’t beryllium nan first authorities to taxation someone’s streaming bill; Florida, North Carolina, Pennsylvania, and Washington are among nan 2 twelve aliases truthful states that use income taxes connected streamers," IndieWire reported.

Netflix’s charismatic website has an full page devoted to its taxation information, informing subscribers that "Tax rates tin alteration by country, state, territory and city, and are based connected nan applicable complaint astatine nan clip of your Netflix charge. These amounts tin alteration complete clip pinch section taxation requirements."

July 20, 2010. A personification uses Netflix successful Palo Alto, Calif. Netflix is tapping into six caller markets connected Monday hoping to summation 100 1000 caller subscribers and equilibrium retired nan billions spent connected intermezo contented each year. Their beingness is invited successful astir European countries, but successful France Netflix is facing government-imposed regulatory hurdles and unit from established section competitors. (The Associated Press)

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Citizens Budget Commission President Andrew Rein told nan Wall Street Journal, "The taxes successful New York state are already highly high, and we are astatine a clip erstwhile our competitiveness for businesses and residents is continually threatened."

Former New York Representative and Republican campaigner for politician Lee Zeldin tweeted successful consequence to nan news.

"Other than nan higher taxes, much crime, elimination of state stoves, little freedom, little trial scores, and different doozies, life successful Kathy Hochul’s New York is going conscionable swell for her ‘apostles’ who haven’t near yet," he wrote.