The MTA payroll tax has been an enormous burden on businesses and today we are lifting that burden. More than 290,000 small businesses will now have a greater opportunity to invest in their businesses and invest in creating new jobs. I want to thank the members of the Senate Republican Conference, especially Senator Lee Zeldin, for keeping up the pressure to repeal this job-killing tax; and I thank Governor Cuomo for his leadership and for signing this measure into law.
"The MTA payroll tax has been an enormous burden on businesses and today we are lifting that burden. More than 290,000 small businesses will now have a greater opportunity to invest in their businesses and invest in creating new jobs. I want to thank the members of the Senate Republican Conference, especially Senator Lee Zeldin, for keeping up the pressure to repeal this job-killing tax; and I thank Governor Cuomo for his leadership and for signing this measure into law."
Senator David Carlucci today visited Adam Lipson, President & CEO of Network & Security Technologies, to discuss the importance of the new MTA payroll tax reduction on small businesses. On Wednesday night, the New York State legislature voted to eliminate or substantially reduce the MTA payroll tax for businesses whose payroll is $1.25 million and under.
Senator David Carlucci on Wednesday voted to bring a more fair and progressive tax system to New York that will cut taxes for middle class taxpayers and bring relief to small businesses and non-profit organizations affected by the MTA payroll tax.
State Senator Suzi Oppenheimer (D-Mamaroneck) today applauded Governor Cuomo’s comprehensive Job Creation package, which includes significant reductions in the MTA Payroll Tax and state flood relief assistance for individuals, small businesses, and local governments hard hit by recent flood disasters.
Senator Oppenheimer stated, “The MTA Payroll Tax needs to be eliminated for suburban counties. The $250 million cut in the payroll tax, which is targeted to small businesses, self-employed individuals and private and parochial schools, will be of special benefit to Westchester.”
“Today is the start of the much anticipated repeal of the MTA Payroll Tax. This is a huge victory for my constituents, the taxpayers of the Third Senate District.
As a result of the agreement between the Legislature and the Governor, 78.2 percent of all employers (over 700,000 taxpayers) will see a total elimination of the tax. Many others will receive a reduction.
I very much appreciate Governor Cuomo’s good faith efforts working with Senate Republicans to remove this unfair burden on Long Island businesses, nonprofits and others.
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.
Ronkonkoma, N.Y. – The Business Council of New York State recently released their 2011 Voters’ Guide, which measures New York State legislators’ “Commitment to improving the state’s economic climate and performance by scoring their support for key business legislation during the 2011 session.” Senator Lee M. Zeldin (R, C, I- Shirley) received the Business Council’s highest score.
For years, I have been demanding the need for a forensic audit of the MTA. Under intense public pressure, the Comptroller commenced a forensic audit in 2010. In the first of a series of reports to be issued by the Comptroller, he points to abuse, manipulation of the system, inflated salaries and pensions, and supervisors signing their own attendance records. Is anyone surprised? Given the history of fiscal mismanagement of the MTA, I’m willing to bet this first audit is the tip of the iceberg. And I’m not a betting man. Perhaps if the Comptroller unearths enough abuse, MTA will at long last be forced to clean up its act, stop wasting our tax dollars, and be forced to live without the payroll tax.
Senator Lee M. Zeldin (R, C, I –Shirley) announced today that the New York State School Boards Association (NYSSBA) has endorsed his MTA Payroll Tax Repeal legislation.
S.5596-A/A.8193-A passed the New York State Senate on June 15, 2011, with a bi-partisan vote, 40-22. The bill was introduced in the Assembly by Assemblyman George Latimer (D-Rye). Twenty-one other Assembly Members have signed on as co-sponsors of this legislation, including Dean Murray (R, C- East Patchogue), Al Graf (R, C- Holbrook), Dan Losquadro (R, C- Shoreham), and Fred Thiele (I- Sag Harbor).
The New York State School Boards Association released the following statement:
The sudden resignation of MTA Chair man Jay Walder gives Gov. Cuomo a tremendous chance to improve the agency. While the MTA has made much progress since Walder's arrival, much more work remains. Walder aggressively pursued cost savings -- including those behind his recent announcement that he'd reduced the MTA's capital deficit by another $2 billion. But the finances of the MTA's capital and operating budgets remain dire.
The taxpayers of the 12-county MTA region need those of us in government to face the host of difficult decisions needed to protect the nation's largest mass-transit system.
State Senator Lee M. Zeldin (R, C, I- Shirley) released the following statement in response to Jay Walder's resignation as MTA Chairman:
“While many improvements were made to the MTA under Chairman Walder's tenure, much more work needs to be done.
Here are a dozen suggestions for the next Chairman:
1) Prepare for life after the MTA Payroll Tax. Chairman Walder said it was "impossible", which was simply the wrong answer;
2) Cap the salaries of all MTA employees to no more than Governor Cuomo's salary. The amount of individuals making over $200,000, especially Chairman Walder's $350,000, is insulting to all taxpayers in the 12 county MTA region;
3) Commit to staying in the position through at least December 31, 2014;