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Gov. David Paterson has proposed a so-called 'iPod tax' on downloaded and entertainment services to help his state close a $15.4 billion budget deficit.
Apple Inc.'s products aren't Paterson's only targets.
The Daily News reported the Governor also wants 88 new fees and taxes including on movie tickets, taxi rides, soda, beer, wine, cigars, massages, cable and satellite TV.
That's just one aspect of Patersonʼs proposed $121.1 billion budget released yesterday. The budget attempts to make state government leaner while relying on a wave of new taxes and fees that will be passed down to businesses.
Paterson revealed his budget amid the unrelenting shake-up on Wall Street that has already depleted state tax revenue and triggered tens of thousands of layoffs.
The proposed budget is balanced and holds state spending just under the inflation rate. The budget also erases a combined $15.4 billion in budget gaps over the next 15 months.
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