New Tax Proposals
Explore a Major Shift in Tax Policy
A proposal to build on the expanded federal deduction by encouraging additional charitable giving to the State that would be deductible from federal taxable income.
A proposal to consider the feasibility of restructuring the State’s tax code to reduce reliance on our current income tax system and establish a payroll-based employer compensation expense tax system.
Reducing Taxes for New Yorkers
Since day one, Governor Cuomo has fought to reduce taxes for New Yorkers.
Governor Cuomo has secured the lowest middle tax rate since 1947, the lowest corporate tax rate since 1968 and the lowest manufacturers tax rate since 1917.
Governor Cuomo has enacted a property tax cap and property tax freeze that have led to a combine average savings of $2,600 per year.