Issues: Taxes

DEMOCRAT AND CHRONICLE: ANDREW CUOMO WIDELY PRAISED FOR 2012 TAX DEAL

Written by: Joseph Spector

ALBANY — For about 4.4 million middle-class New Yorkers, the deal crafted by Gov. Andrew Cuomo and passed by the Legislature on Wednesday will mean an income-tax cut of $300 to $400 a year.

December 13, 2011
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LEGISLATIVE GAZETTE: CHEERING THE END OF THE MTA PAYROLL TAX

By Daniel McDonough

Gov. Andrew Cuomo was in West Hempstead, Nassau County Monday morning to sign into law the measure that will reduce the MTA payroll tax as part of his New York Works Agenda unveiled last week.

December 13, 2011
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LEGISLATIVE GAZETTE: CHEERING THE END OF THE MTA PAYROLL TAX

 

By Daniel McDonough

Gov. Andrew Cuomo was in West Hempstead, Nassau County Monday morning to sign into law the measure that will reduce the MTA payroll tax as part of his New York Works Agenda unveiled last week.

December 13, 2011
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SENATOR FUSCHILLO JOINS GOVERNOR CUOMO AT SIGNING OF NEW LAW TO BEGIN REPEAL OF MTA PAYROLL TAX

             Senator Charles J. Fuschillo, Jr. (R-Merrick) today joined Governor Andrew Cuomo at the signing of a law to begin the repeal of the MTA payroll tax. Senator Fuschillo supported the law in the Senate. 

December 12, 2011
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Gianaris Says GOP Is Taking Page from Mitt Romney Playbook

Politicker wrote about the passage of major Democratic priorities during the special legislative session.

he buzz around Albany yesterday was that Gov. Andrew Cuomo did the Senate Republicans a huge favor by taking the millionaire’s tax off the table in his tax overhaul plan. The thinking was that without that wedge issue to run against, Democrats have been denied a key talking point going into the 2012 elections.

On Fred Dicker’s radio show today, Queens Sen. Michael Gianaris, who is in charge of the Democratic effort, said Republicans should be praised for adopting the Democratic agenda.

December 12, 2011
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Sen. Gianaris on Democratic Support of Tax Code Deal

Senator Gianaris was on YNN"s Capital Tonight with Liz Benjamin to discuss the passage of the restructured tax code - a major priority for the Senate Democrats.

Watch the video here.

December 12, 2011
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Senator Owen H. Johnson Applauds Governor Cuomo's Signature on the Middle Class Tax Cut and Job Creation Plan

Senator Owen H. Johnson joined Senate Majority Leader Dean Skelos and members of the Senate Majority today to applaud Governor Cuomo's signature on the Middle Class Tax Cut and Job Creation Plan.  The legislation reduces the MTA payroll tax on small businesses while maintaining the necessary funding for the MTA from other sources. The tax will be eliminated for 289,000 small businesses, defined as those having an annual payroll between $10,000 and $1.25 million, in the MTA region. Additionally, more than 6,000 businesses with payrolls between $1.25 and $1.75 million will see their payroll tax cut by either one third or two-thirds. The MTA payroll tax cut will also benefit approximately 414,000 self-employed taxpayers.

December 12, 2011
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STATE SENATOR LEE ZELDIN JOINS GOVERNOR CUOMO FOR BILL SIGNING OF LAW REPEALING MTA PAYROLL TAX FOR OVER 700K TAXPAYERS

West Hempstead, N.Y. – State Senator Lee M. Zeldn (R, C, I- Shirley) joined his legislative colleagues and Governor Andrew M. Cuomo today as the Governor signed into law a new measure to eliminate the MTA Payroll Tax for approximately 80 percent of all employers currently paying the tax.

Last week, the Legislature passed a bill repealing the MTA Payroll Tax for 78.2 percent of all employers (over 700,000 taxpayers). In addition, thousands more will see a reduction. In addition to the 290,000 employers who will have their tax eliminated, 414,000 self-employed taxpayers will also see the MTA Tax repealed. All elementary and secondary schools, both public and private, will now also be completely exempt from the payroll tax.

December 12, 2011
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Oppenheimer joins Governor Cuomo at bill signing ceremony for legislation reducing or eliminating MTA payroll taxes on small businesses

Senator Suzi Oppenheimer joins Governor Andrew Cuomo at the bill signing ceremony for recently enacted legislation that reduces, or in many cases eliminates, the MTA payroll tax obligation on small businesses, schools and self-employed individuals.  Oppenheimer applauded the bill as an important first step towards the eventual elimination of the MTA payroll tax for suburban counties.

December 12, 2011
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GOVERNOR CUOMO SIGNS LAW TO PROVIDE RELIEF FOR SMALL BUSINESSES THROUGH REDUCTION OF MTA PAYROLL TAX

In Nassau County, Governor Signs Legislation to Cut Taxes For More Than 700,000 Small Businesses and Self-Employed New Yorkers 

Governor Andrew M. Cuomo today traveled to West Hempstead, Nassau County, to sign a new law that will reduce the MTA payroll tax, providing relief for more than 290,000 small businesses and more than 410,000 self-employed New Yorkers. The tax reduction is part of the Governor's comprehensive plan, passed by the legislature last week, to create jobs and cut taxes for middle class New Yorkers, and revitalize the state's economy. 

December 12, 2011
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CUTTING YOUR TAXES AND CREATING JOBS

This year, the new leadership we built in the State Senate, in close partnership with Governor Cuomo, took strong and decisive action to change the direction of our State. We eliminated a $10 billion deficit, brought State spending under control and capped property taxes for the first time in our State's history.

As we look forward to a new year, it is important that we build on this success and take the next steps to cut taxes and create jobs.

December 12, 2011
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Senator Carlucci Speaks on Middle Class Tax Cut and Job Creation Plan

Senator Carlucci speaks on the senate floor in Albany before his vote to provide middle class tax relief, reduce or eliminate the MTA payroll tax and invest in our economy.

December 12, 2011
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Senator Carlucci Saves Small Businesses Money

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. 

December 12, 2011
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December 9, 2011
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Carlucci Passes Tax Reduction Plan

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.

December 9, 2011
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MIDDLE CLASS TAX CUT AND JOB CREATION PLAN

Fact Sheet: Changes to tax rates for each tax bracket

 

The Middle Class Tax Cut and Job Creation Plan:

• Decreases the tax rate from 6.85 percent to 6.45 percent on the following incomes:o Married – Incomes between $40,000 and $150,000o Single – Incomes between $20,000 and $75,000o Head of Household – Between $30,000 and $100,000

• Decreases the tax rate from 6.85 percent to 6.65 percent on the following incomes:o Married – Incomes between $150,000 and $300,000o Single – Incomes between $75,000 and $200,000o Head of Household – Incomes between $100,000 and $250,000

December 9, 2011
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Gallivan Announces Legislation To Cap Income Taxes, Refund Excess Funds Back To Taxpayers

BILL SEEKS TO CONTROL SPENDING AS COMPANION PIECE TO NEW TAX AGREEMENT

December 9, 2011
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Historic Middle Class Tax Cut and Job Creation Plan, Cuts Taxes, Reduces Job Killing MTA Payroll Tax.

 

New York State Senator Kenneth P. LaValle (R, C – Port Jefferson) said that the Senate, today, passed historic tax and job creation legislation  that will spur the economy and provide relief to overburdened taxpayers.

The Middle Class Tax Cut and Job Creation Plan will cut taxes for millions of New Yorkers, create thousands of new private sector jobs and begin to turn our economy around.

Under this plan:

December 9, 2011
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State Senate passes $3.3 billion tax cut for New Yorkers

No taxpayers will see their personal income taxes go up
Overwhelming majority of taxpayers to receive a tax break
91% of taxpayers affected by the PIT surcharge to receive tax cut

 

To figure out your reduced tax rate as a result of the Middle Class Tax Cut and Job Creation Plan, click here.

December 9, 2011
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