Cuomo says it would finance
middle class tax cuts approved by the governor and legislature last year, and to help pay for a billion dollar increase in school aid.
Not exact matches
Cuomo wants to extend the existing rates on the wealthy that are due to sunset at the end of the calendar year, insisting it is key to paying for
middle -
class tax cuts approved in the previous budget year.
The budget, which extends the millionaires
tax and implements previously
approved middle -
class tax cuts, also contains legislation to return the New York Racing Association to private control.
'' The agreement includes support for a comprehensive New York Works Agenda that will create thousands of jobs with new investments in New York's infrastructure; passing a fair
tax reform plan that achieves the first major restructuring of the
tax code in decades, resulting in a
tax cut for 4.4 million
middle -
class New York taxpayers;
approving $ 50 million in additional relief for areas devastated by recent floods; and reducing the MTA payroll
tax to provide relief for small businesses.»
The
middle class tax cut,
approved last year, begins phasing in in the new budget and would be fully implemented in 2020.
The agreement includes support for a comprehensive New York Works Agenda that will create thousands of jobs with new investments in New York's infrastructure, passing a fair
tax reform plan that achieves the first major restructuring of the
tax code in decades resulting in a
tax cut for 4.4 million
middle class New Yorkers taxpayers,
approving $ 50 million in additional relief for areas devastated by recent floods, and reducing the MTA payroll
tax to provide relief for small businesses.
Cuomo said it would finance
middle -
class tax cuts approved by the governor and state Legislature last year and help pay for a billion - dollar increase in school aid.
Senate Republicans have said they are the ones who pushed for the
middle -
class tax cuts approved last year, while Cuomo has argued the state can not afford to pay for them if the millionaire
tax is allowed to expire.
Remember, the first go «round, a rider was attached to a bill that would preserve
tax cuts for the
middle class that forced Obama to decide whether or not to
approve the Keystone XL.