Sensible tax and economic development reforms present clear alternatives to irresponsible policies of radical New York City Democrats
Senator Michael H. Ranzenhofer is advocating for a new set of common-sense solutions to address New York’s ailing business climate so that more hard-working families can live, work and thrive in Western New York. The Re-Open New York for Business Plan is in response to Senate Democrats outright rejection of the Amazon HQ2 project, costing New Yorkers 25,000 new jobs and $27.5 billion in revenue.
The new plan would help reinvigorate the state economy and establish countless job opportunities for middle-class workers, while beginning to undo some of the damage Senate Democrats have done by stopping the Amazon HQ2 project.
“When Senate Democrats turned down 25,000 new jobs, they sent a clear message to job-creators across the nation that New York is closed for business,” said Ranzenhofer. “That is why I am fighting to re-open New York for business by enacting each one of these sensible tax and economic development reforms.”
The comprehensive jobs plan includes:
• Fighting for Meaningful Tax Cuts for Small Businesses, including a $495 million income tax exemption for Small Businesses & Farmers, as well as a STAR program for Small Businesses, achieving another $275 million in savings;
• Fighting to Cut Burdensome Energy Taxes, including elimination of the 18-A Regulatory Assessment, and building upon the successful elimination of the Senate Democrats’ 18-A surcharge;
• Making the Property Tax Cap Permanent, currently a temporary measure which has saved taxpayers $37 billion since its inception;
• Opposing any new taxes to balance the budget, including the Governor’s plan to impose new taxes on internet purchases and prescription drugs, among other fees in the Executive Budget proposal;
• Pushing for much-needed needed reform of the Public Authorities Control Board, so one person can never again misuse their vote to impede job growth and progress for New York; and
• Calling upon the Governor and Legislature to enact comprehensive regulatory reform for small businesses across the state this year.