"The goal of this agreement approved tonight by the Legislature is to encourage economic activity and job growth. There are a lot of national and international economic factors beyond our control. We need to do what we can on the state level and the time to act is now, not putting off action until next year’s session or within the context of negotiating a state budget.
"Cutting income taxes for the vast majority of New Yorkers, new incentives for businesses, accelerating infrastructure projects, providing aid for storm-ravaged communities: all of this is being done to move our economy forward rather than wait and see or simply hope the situation improves.
The New York State Senate today passed the Middle Class Tax Cut and Job Creation Plan that will reduce taxes for millions of hardworking, middle-class taxpayers to their lowest levels in more than half a century. In addition, the comprehensive plan will help strengthen our economy and create new jobs by eliminating the job-killing MTA payroll tax for more than 78 percent of the small employers that pay the tax. The plan will provide a total of more than $3.3 billion in tax relief to individuals and businesses.
ALBANY, 12/07/11 – State Senator James L. Seward (R/C/I – Oneonta) today applauded the Middle Class Tax Cut and Job Creation Plan which helps rejuvenate the upstate economy and includes special state funding to assist flood devastated communities.
“This plan means lower taxes - $690 million worth – for hard-working, middle class New Yorkers, the backbone of our communities. That’s money that will now flow through our local economy and create jobs. At the same time, we are cutting taxes for manufacturers helping them create additional jobs and continue to drive our economy forward,” Seward said.
To figure out your reduced tax rate as a result of the Middle Class Tax Cut and Job Creation Plan, click here.
State Senator Michael H. Ranzenhofer has issued the following statement:
“Today, for the first time in the three years since being elected to the State Senate, the State Legislature passed a bill which actually cuts taxes – instead of resorting to increasing taxes by billions of dollars as in prior State budgets.
New York could lose billions as a result of automatic cuts
State Senator Martin Malavé Dilan (D-Bushwick) expressed his disappointment that the Federal Committee appointed to strike a deficit reduction deal has announced its failure. The committee’s failure to reach an agreement sets in motion an automatic plan to cut $1.2 trillion in federal spending beginning in 2013.
Hauppauge, NY- Senator Lee M. Zeldin (R, C, I- Shirley) and Senator Jack Martins (R-Mineola) announced today the introduction of legislation to repeal the job killing MTA Payroll Tax. This announcement came on the heels of months of studying, listening and learning about the MTA and its financial situation. Also joining them at today's announcement in Hauppauge was Senate co-sponsor Kenneth P. LaValle (R, C, I- Port Jefferson).
The personal income tax surcharge is dead. It died at the end of March, when the Legislature approved a new state budget that did not extend it; a position supported by Senate Republicans and by Governor Cuomo. I know I speak for my conference, for our constituents and for millions of taxpayers in this state who believe that cutting taxes to help businesses create jobs and help families make ends meet is the real moral imperative. Senate Republicans will not support any renewed efforts by the Assembly Democrats to extend the PIT surcharge.
Senator Marcellino discusses his legislation that requires the state to pay tax refunds within 30 days of the receipt of a taxpayer’s return, unless there is a discrepancy in the return. “There is no legitimate reason for the state to hold on to New Yorkers’ money,” Senator Marcellino said.
State Senator Hugh T. Farley (R, C, I - Schenectady) announced that he and his colleagues in the New York State Senate passed legislation on April 12th to help speed up the delivery of tax refunds owed to taxpayers by the state. The bill (S.2631) addresses excessive delays of up to two months from when taxpayers file their return to when they may actually see the refund from the state Department of Taxation and Finance.
On Wednesday April 6th, I spoke with Brett Davidsen from WHEC-TV, Channel 10, regarding a man from Rochester who was filing fake tax returns from his prison cell. This is unacceptable and outrageous. To see last night's story, click on the link below.
Senator Gustavo Rivera spoke on the floor of the New York State Senate on March 15, 2011 regarding his support for extending the personal income tax for the wealthiest New Yorkers in order to pass a budget that has at its heart the idea of shared sacrifice and shared responsibility.
New York, NY – Senator Gustavo Rivera was joined by 20 Senators yesterday afternoon in co-signing a letter to Governor Andrew Cuomo, urging him to maintain the personal income tax level for the wealthiest New Yorkers to ensure Middle Class and low-income New Yorkers do not bear the sole burden of the shared sacrifice necessary to get us through these difficult times.
In the letter, Senators voice their concern over cuts to education, Medicaid and public safety that would disproportionately impact our most vulnerable citizens in low and middle-income communities and communities of color.