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NY DEMOCRATS PROPOSE 4% TAX ON NETFLIX, UBER TO FUND MTA

By Snejana Farberov, Nolan Hicks and Bernadette Hogan

March 24, 2023 | 12:18pm

Netflix could get a whole new premium.


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Albany lawmakers in the Assembly have floated potentially hitting streaming
services like Netflix, Hulu and HBO Max with the state’s sales tax as one way to
fund the cash-strapped Metropolitan Transportation Authority.

The plan would hit streamers with the 4% surcharge, potentially netting $100
million annually for the state’s coffers, the Assembly’s budget proposal
predicts, putting a new + on bills for everything from AppleTV+ to Paramount+. 

“A new tax on digital streaming services demonstrates how tone-deaf Democrats
are to the affordability issues New Yorkers face,” said Assembly Minority Leader
William Barclay (R-Syracuse).

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“We’re in a unique position of having strong revenues already coming into the
state,” he added. “But here we are, poised to add another tax that raises costs
on millions of New Yorkers.”

The MTA needs $600 million this year and at least $1.2 billion next year to
balance its books in large part because of the ridership drop-off following the
COVID-19 pandemic.

Netflix subscribers in New York could soon be required to pay more for the
streaming service to help keep MTA subways and buses running.AFP via Getty
Images

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That dollar figure includes an assumption the MTA hikes transit fares to an
estimated $2.90 per swipe this year — with another fare increase set for 2025.

A previous rise set for 2021 was canceled due to COVID-19.

MTA budget documents show that the fare hike bundled with a similar increase in
commuter rail prices and bridge and tunnel tolls will raise an estimated $300
million annually.

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Lawmakers, however, have loudly complained about the planned hike in subway and
bus fares and demanded the agency change course.

Expanding the state sales to streaming services is supposed to fill the gap,
Assembly boosters said.

The Democrats’ proposal is intended as an alternative to Gov. Hochul’s
controversial plan to increase payroll taxes in a bid to raise $700 million to
bail out the MTA.Matthew McDermott

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This proposal is not included in the state Senate’s budget response, nor has
Gov. Kathy Hochul endorsed it.

The governor backs increasing the state’s controversial payroll tax on major
downstate employers and forcing City Hall to pay an extra $500 million annually
for student MetroCards and paratransit services.

Meanwhile, the state Senate supports taxing corporate profits and forcing the
City Council to create a residential parking permit program, which key members
of the Council bitterly oppose.

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The MTA said it needs an influx of $1 billion to keep subways, buses and
commuter trains running.Getty Images

“The reality is that the first order of business is to ensure the MTA is running
efficiently and providing quality service,” said Andrew Rein, the president of
the Citizens Budget Commission. “If the MTA leadership and labor did what they
should on improving efficiencies, we would be having a radically different
discussion about where the rest of a stabilization plan could come from.”

Rein wants lawmakers and Gov. Hochul to demand that the MTA develops a plan to
shave its operating costs by as much as $1.3 billion annual savings over the
long term by reforming labor work rules and finding other efficiencies.

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What do you think? Post a comment.

MTA officials have promised to deliver $400 million in savings, roughly
one-third of what Rein says they can come up with.

Lawmakers and Hochul must hammer out a deal before the current state budget
expires on March 31.


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Filed under corporate taxes ,  HBO Max ,  hulu ,  kathy hochul ,  mta ,  netflix
,  spotify ,  taxes ,  uber ,  3/24/23
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