To make things worse, the relatively small tax cuts that many middle - class homeowners receive from both the House and Senate bills would vanish after just a few years. (nar.realtor)
Rather than continue the current rates, Cuomo and state lawmakers agreed to changes that provided for high - income earners to not return to pre-2009 levels, essentially giving them a smaller tax cut than they were in line to receive had the state not acted. (nystateofpolitics.com)
Skelos defended the package, which includes a smaller tax cut for the wealthy than they were in line to receive if a surcharge due to expire at the end of the year went through. (nystateofpolitics.com)