Broad Based Tax Cuts For
All
New Yorkers pay more per capita in taxes than taxpayers in
any other state in the nation.
Certainly not something we enjoy swallowing or should be
proud of and it's time New York's tax and regulatory policies are reformed to
reduce the state's overall tax burden.
It's no secret that New York's tax code is cluttered with
credits, deductions and other loopholes driven by short term policy goals and
political considerations than by the basic principles of tax fairness,
efficiency, simplicity, visibility and competitiveness.
We here in upstate New York tend to see more of the slow
economic growth that is due to the tax burden and over the past 15-years, the
state's property tax burden has increased more than 73 percent......two times as
much as the rate of inflation and well beyond the national average.
It's time for New York State to focus more on broad-based
tax cuts for all and a better, more balanced mix of targeted and broad-based tax
relief is overdue.
It not a surprising fact that a recent Siena College survey
found that consumer confidence in New York is at a 20-month low.
Bipartisan action in Albany has produced the 2% property tax
cap and the next step must be mandate relief that local leaders are crying
for.
A comprehensive tax reform agenda for 2014 hopefully should
gain bipartisan support and action in our state Legislature.
New York government has a long and sometimes not so proud
track record of talking a good game but not delivering. Many folks just become
sick and tired or being taxed to death and pick up and move out to other
tax-friendly states.
We must demand mandate relief and regulatory reform because
we have no future as the tax capital of the nation.
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