'We Will Be The Collateral Damage': New York Governor Kathy Hochul Sounds The Alarm On Federal Cuts

yesterday

During a press briefing on Tuesday, Gov. Kathy Hochul (D-NY) spoke about the impact of cuts to federal assistance.

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Transcript

00:00Congressman, I guess both of you could answer this.

00:05Federal government's in cut mode, it's in reduced funding mode.

00:09How are you going to be able to continue with your initiatives in the light of that uncertainty?

00:14I think for me, I've said all along, I can't fix what they're doing to us.

00:20I don't have the resources.

00:21I cannot make up for $93 billion that we get from the federal government every year.

00:26It is not possible.

00:27I wanted to sound the alarm day one, like these cuts will have a ... We will be the

00:33collateral damage, the roadkill in the way of these policies because there's not a lot

00:39we can do about it.

00:40I'm not throwing in the towel, I'm just saying realistically, how do I make up that money?

00:46It is not possible.

00:48We stand up, we fight, we challenge, we go to court.

00:51When they withhold money, we see you in court.

00:53Sometimes it's successful, sometimes it's not.

00:55That is our strategy right now, but also as I've said, the world can change in a better

01:00direction in 2026, which is not that far off.

01:05We put Paul Tonko in the majority, all of a sudden there's checks and balance and the

01:11slide stops.

01:12That's what I'm focused on beyond just trying to figure out the damage control to protect

01:17our state.

01:18In terms of a response, Jimmy, I think that housing as a crisis doesn't know boundaries.

01:24There are Republican-led communities that are suffering just as Democratic-led communities

01:28are with the housing initiatives and the need to invest in housing.

01:32I would hope that the successes out there, like the one we're celebrating today, will

01:38be storytelling for all of us, that you build the people's response here and the pressure

01:44on all of us to move forward.

01:46Look, the president campaigned on reducing costs and all he's doing is increasing costs.

01:53A reduced cap cannot be promised as broken.

01:56We need to remind the administration of this.

01:58When you're going to add to the price of lumber and steel, you're going to definitely put

02:03a dent into the opportunities, how far you can stretch that dollar.

02:08You fight so hard for tax credit, you fight so hard for investments to respond to that

02:13$4 million shortfall.

02:15We shouldn't have a man-made, president-made initiative here that is going to cause yet

02:22another layer of crisis.

02:24This is going to be impacting the consumers and we are going to use that as a pitch at

02:30the table, at the budget table, certainly at the appropriate committee table.

02:34I'm on the budget committee in the House.

02:36We're going to raise these issues and talk about these successes and encourage our counterparts

02:40to do the same and challenge them.

02:42If they don't want to talk about it, challenge them because they're realizing some of these

02:45tax credits across the country.

'We Will Be The Collateral Damage': New York Governor Kathy Hochul Sounds The Alarm On Federal Cuts

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