The state Senate Finance Committee is holding a series of invitation-only hearings on New York’s tax structure and tax reform. It held the first of five hearings yesterday. The others are in Syracuse today, Buffalo next week and Long Island and New York City in early October.
Statewide business groups unveiled their proposals for making the state’s tax system more business-friendly. Liberal-leaning and labor-backed groups held a news conference urging lawmakers to include them and members of the public in the process. Gov. Andrew Cuomo told reporters that reducing taxes is a priority.
“One of the best things we can do to spur economic development in this state is reduce taxes. I believe that. I said when I was elected, you have no future as the tax capital of the nation,” he told reporters.
What kind of tax changes do you think the governor and state Legislature should make? Take our poll.