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NYS Senate Republicans Push Tax Cuts, Pass Bills, That Exceed Cuomo’s

January 19, 2011
Newsmax: Wednesday, 19 Jan 2011 02:25 PM

Jan. 19 (Bloomberg) — New York Senate Republicans approved business-tax cuts and limits on levies that go beyond proposals by Governor Andrew Cuomo, who took office this month.

The Senate’s three-part plan provides tax credits for hiring, a 2 percent state spending cap and a requirement that tax or fee increases receive a two-thirds vote in both chambers of the Legislature, rather than a simple majority. The measures must also pass the Assembly, where Democrats hold a majority and haven’t endorsed the proposals.

November’s elections, in which Republicans regained a majority in the Senate, were evidence that “the people have spoken loud and clear that they want the state to cut spending, stop runaway tax increases and get off businesses’ backs,” Senate President Dean Skelos, a Republican from Rockville Centre said in a statement today.

Senate Finance Committee Chairman John DeFrancisco, a Republican from Syracuse, said the revenue lost from tax cuts would be recouped from faster economic growth.

New York faces a budget deficit of about $10 billion in the year beginning April 1. Cuomo’s budget for that year is due by Feb. 1. The current year’s budget, which Comptroller Thomas DiNapoli said may have a deficit as large as $1 billion, is $135.3 billion.

Cuomo Plan

Cuomo’s “Plan for Action,” published during his election campaign, supported a $3,000 tax credit for hiring unemployed workers, which Republicans would supplement with an additional $5,000 credit over three years for any new hiring.

Cuomo also advocated a freeze in state taxes, while Republicans propose to eliminate the higher personal income-tax rates for owners of small businesses, rather than waiting for the higher levy to expire at the end of 2011. The Republicans would also eliminate the corporate franchise tax over a two-year period for businesses with 50 employees or fewer and no more than $2 million of profit, which wasn’t part of Cuomo’s published agenda.

Republicans proposed a constitutional amendment to limit growth in spending to the lesser of 2 percent a year or 120 percent of the consumer price index, an idea similar to Cuomo’s proposal. Another constitutional amendment to require the two- thirds vote for tax increases wasn’t part of Cuomo’s plans.

Joshua Vlasto and Richard Bamberger, spokesmen for Cuomo didn’t respond to e-mail messages seeking comment.

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From Senator Lee Zeldin

 

It has been a great first few weeks as your new State Senator and, I have been working hard in Albany fighting for us.  

Last week, I was appointed Chairman of the Senate Standing Committee on Consumer Protection.  I was also named to serve on the following committees: Veterans and Homeland Security, Higher Education, Transportation, Judiciary, Mental Health and Developmental Disabilities, Investigations and Government Operations, and Aging.

 

I will be very involved with these committees to create important legislation to help move New York forward. 

 

This week was the most productive week thus far for us and our mission.  On Wednesday, the first bill I sponsored, S.1919, a New York State constitutional amendment which will require a two-thirds “super majority” vote in both the Senate and the Assembly to increase taxes and fees, moved out of committee and onto the floor of the Senate for a vote. Once the vote was tallied, my first bill passed with bi-partisan support, 41-19.

 

I am proud that this is the first bill I have introduced. It is very important to me that my legislative record demonstrates that I remain true to the themes of our campaign: cut taxes, cut spending and create jobs.  This bill takes concrete steps to reduce the burden on New York taxpayers. Watch video of my first public comments following its passage here. I joined my Majority colleagues for a press conference beforehand and enjoyed a spirited debate on the floor with members of the Democrat Minority. Watch video of the press conference here.  You can read my press release on our first legislative victory here on our Facebook page. You can also follow us on our government website at www.nysenate.gov/senator/lee-m-zeldin. 

 

There are a few steps that still need to happen to make this bill a law, including a statewide public vote, and in the coming weeks I will be asking you to join the fight to help me keep the pressure on Albany.  It is going to be a busy next few weeks ahead as Albany transitions into budget season.  I will continue to fight hard and stay strong to our principles of cutting taxes, cutting spending, and creating jobs.

As I opened at the press conference earlier today, I will close this email in the same way:

It’s a new day for New York.

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