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George Pataki on Budget & Economy

Republican NY Governor

 


I shrank size of New York state government

We need an outsider to run our party and win the next election. Washington has become a corrupt insider game and everybody talks about how they're going to change the taxes, grow the economy. Nothing seems to change. I shrunk the size of New York State's government when I left. We had reduced the employment by over 25,000 and cut taxes.
Source: GOP "Your Money/Your Vote" 2015 CNBC 2nd-tier debate , Oct 28, 2015

Fed should get out of market & let rates go up

Barack Obama inherited an economic disaster. Instead of focusing on growth, he rammed through Obama Care that hurt businesses and raised taxes. The Fed had to act. The Fed did act and appropriately in reducing interest rates but they've reduced them now for seven years. They've been zero too long. They should raise the rates; the Fed should get out of manipulating the market and the Fed also should reduce its balance sheet.
Source: GOP "Your Money/Your Vote" 2015 CNBC 2nd-tier debate , Oct 28, 2015

Slash job-killing regulations & cut taxes too

Source: State of the State address to 2006 New York Legislature , Jan 4, 2006

Cut taxes & cut spending

[In his first term as governor], Pataki proposed cuts in taxes and in spending and, after bruising negotiations with Democratic Assembly Speaker Sheldon Silver, got much of what he wanted. In his second term, Pataki again tightened up on spending, which led to sharp protests from Giuliani; they disagreed on Giulianiís plans for a Manhattan baseball stadium.
Source: National Journal, the Almanac of American Politics , Jul 6, 2000

Bankruptcy reform: limit Chapter 7; protect states' role.

Pataki adopted the National Governors Association policy:

    The Governors are particularly concerned that bankruptcy reform legislation address the following issues:
  1. Prevent Chapter 7 Use by Those with the Ability to Pay: Present bankruptcy law does not prevent use of Chapter 7 by those with ability to repay, nor does it require that debtors use Chapter 13, which would require them to repay creditors what the debtor can afford. The Governors strongly support federal efforts to prevent debtors from using Chapter 7 when they are financially able to pay some or all of their unsecured debts.
  2. Encourage Payment of Domestic Support Obligations: Bankruptcy interferes significantly with statesí ability to assist citizens owed domestic support and to collect unpaid domestic support owed them. The Governors strongly encourage Congress to ensure that any federal bankruptcy reform requires that domestic support obligations have the highest possible repayment priority, that all domestic support obligations be nondischargeable, and that commencement of bankruptcy not prevent the continued collection of child and other support obligations.
  3. Give State Claims Parity with Federal Claims in Bankruptcy: Today, bankruptcy rightly gives certain preferences in payment to federal claims against the bankruptcy estate, but similar treatment is not always accorded state claims. The Governors strongly support congressional efforts to reform the treatment of state claims in bankruptcy to provide parity of treatment with federal claims.
  4. Protect the State Role: The Governors oppose efforts to preempt state authority to determine exemptions under state bankruptcy law. Currently, debtors have a right to choose between federal and state exemptions. The Governors support efforts to shape bankruptcy reform policy that protects the rights of states to determine their own standards instead of having uniform federal regulations imposed without regard for individual state needs.
Source: NGA Economic Development Policy EDC-21: Bankruptcy Reform 01-NGA2 on Feb 15, 2001

Uphold commitments to states before other spending.

Pataki adopted the National Governors Association position paper:

The Issue

The major budget issue will be over the surplus and how big of a surplus there will be. How much will be dedicated to paying down the national debt, how much to tax cuts, how much to increase defense spending, what to do about key discretionary spending programs, and whether and how to change key entitlement programs, such as Medicaid, Medicare, and Social Security? How these decisions are made could have significant impacts on the federal-state partnership, especially as they affect vital health and human services programs. What will happen to funding for priority state domestic discretionary programs for the federal fiscal year? When will Congress act?

NGAís Position

Before considering new spending initiatives or tax cuts, the federal government must first uphold its current commitments to the states.
Source: National Governors Association "Issues / Positions" 01-NGA8 on Sep 14, 2001

Maintain & enforce existing spending caps in the future.

Pataki adopted the Republican Main Street Partnership issue stance:

What we offer today are not the precise spending decisions of a given year's budget; rather, we call upon the Congress and the nation to adopt the following guidelines for our fiscal policy over the next decade. This long-term blueprint is essential for maintaining both the immediate public-sector goal of balancing the budget and the private-sector goal of a healthy economy. This can be achieved through the following steps:

Source: Republican Main St. Partnership Issue Paper: Fiscal Policy 98-RMSP5 on Sep 9, 1998

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Page last updated: Mar 12, 2016