A State Senate report is out with a focus on cutting taxes. The new report calls for New York's personal income taxes, business taxes, and local property taxes to be reformed, simplified, and reduced. Overall, the recommendations in the report will help to ensure a brighter, stronger and more prosperous economy for Western New York.
This year’s State Budget continued middle-class tax rates at their lowest levels in 60 years, reduced taxes for small businesses under the personal income tax, and cut the corporate tax rate for manufacturers. These positive initiatives began the process of chipping away at the State’s high tax burden. New York’s last place finish, measured in business tax climate, needs to change.
Improving this ranking is critical to New York’s long-term economic growth. That is why I am pleased to announce a new State Senate report with a focus on cutting taxes has been released.
As your State Senator, I am committed to working in a bi-partisan way to give all Western New Yorkers the opportunity to succeed. Delivering tax relief is one way to ensure a brighter, stronger and more prosperous future.
Over the last four years, real progress has been achieved in providing greater tax relief for residents, manufacturers, homeowners and businesses. In total, 49 tax cuts have been enacted, reducing the tax burden by $5.6 billion in New York State.