Dems in State Assembly continue fight for tax fairness

BY SHELDON SILVER | Since we first introduced our proposal to extend New York’s millionaires tax in May, the

State Assembly’s Democratic conference has led the way in the fight to bring fairness to our tax code. We strongly believe that those making $50,000 a year should not be paying the same tax rate as those earning $5 million, as would have been the case had we simply allowed the millionaires tax to expire at the end of this year.

NYS Assembly Speaker Sheldon Silver.

That is why, working with Governor Cuomo, we passed legislation that brings New York’s tax code closer to common sense fairness, provides much-needed tax relief for the middle class, honors our commitment to provide a quality education to our children and makes critical investments that will spur job growth and help our economy.

This law will help our Lower Manhattan families and small businesses by making the tax code fairer and by creating critical new programs that will help our youth find jobs and spur hiring by local businesses. Small business owners will now be able to receive tax credits for hiring unemployed young people and additional funding will be made available for summer youth employment, job training and workforce educational programs. One of our top priorities must be making sure our young people, particularly in this challenging economy, are equipped with the tools they need to succeed.

This legislation also includes an infrastructure fund that will inject $1 billion in job creating investment into our economy by investing in long overdue improvements to roads, bridges, schools and parks. There is no shortage of badly needed investment projects in New York City and the high-quality jobs they create will be of enormous benefit for Lower Manhattan residents.

In addition to new programs, this initiative provides the most significant tax relief to middle class families in decades. Under the new tax code, 99 percent of all tax filers in New York State will receive a tax cut. Assembly Democrats made clear from the beginning that any solution that balances our budget on the backs of the hard-working men and women of our community would be unacceptable. We vowed not to allow our most vulnerable citizens, like the seniors who rely on senior centers throughout Lower Manhattan, to suffer because of an unnecessary tax cut for the wealthiest among us.

Every household earning less than $300,000 a year will see their taxes go down; those earning between $300,000 and $2 million will see no increase over what they were paying before the “millionaires tax” surcharge went into effect; and those earning over $2 million will see a modest tax hike over what they were paying before the surcharge.

The agreement will provide $2 billion in revenue for the people of New York in each of the next three years by creating a more progressive tax structure. Working together, we have advanced a plan that will spur job creation, make our tax code fairer, and put the state budget on a sound foundation.

Our work is far from done. When the coming session begins in Albany this January,

Assembly Democrats will be back at work, fighting to protect our schools, create jobs, and pass a fair budget that puts the middle-class first.

Sheldon Silver is Speaker NYS Assembly

Spread the word:

6 Responses to Dems in State Assembly continue fight for tax fairness

  1. I think that a foreclosed can have a significant effect on the applicant's life. Property foreclosures can have a 8 to few years negative influence on a applicant's credit report. A borrower who's applied for a mortgage or almost any loans for example, knows that the worse credit rating is actually, the more difficult it is to get a decent bank loan. In addition, it can affect the borrower's ability to find a good place to lease or rent, if that gets to be the alternative homes solution. Interesting blog post.

  2. The Dibella statue was a real treat, I was more than pleased with the way it’s been hidden behind
    the trees next to the farm, it gives it a very mysterious look, almost like the villages are worried
    of repercussions over worshipping her and not Talos. 8 and 9, are fab!
    I genuinely value your work , Great post.
    BP, of course, is no stranger to massive legal
    cases, as we are painfully aware in the Houston area. Warnock
    was quick to implement a new change in formation, reverting back to his preferred 4-2-3-1 formation that has worked so successfully for him in the past.

  3. Among its other provisions, the bill would expand what goes into the Federal Awardee Performance and
    Integrity Information System, a database of contractors’ past performance and other related information.
    policy. Be sure to visit my my website. К слову, бесплатные рамки
    для фотографий, представленные
    у нас на сайте, являются одними из самых
    качественных в своем роде.

    Kinder Morgan (KMI) Inc.

  4. Gavin McInnes has come up with a way that we all can carry on part
    of Mr. This week’s ‘Weekend Puzzle Challenge’ solution is YES61! I’m new to the SOLC but it sounds way more fun than trying to do NaNoWriMo from the fall. I would also like to thank the Clerk and his team for all the support that was extended to the Committee. The five permanent members of the U.N.

  5. M. Jackson es uno de los mejores ejemplos. Not
    many things seem very adventurous in comparison to being naked
    in the great outdoors with a group of strangers, and have that
    be completely socially normative no less,
    so that’s why this makes the list. All women were from the east of England
    and had been diagnosed between 2006 and 2009.
    Hlavní přívod paliva byl nenávratně poškozen a musel být vypnut.
    prove another Cain!

  6. It is like the writer is saying the people
    at the Mises Institute are evil because they had some money — not all that much
    —- and they wanted to spread the word around the world about their economic theories.

    Despite comparatively advanced level of trade union organisation, there were no strikes recorded in Coventry’s motor industry until l934, largely due to shop-floor
    manipulation of piecework through the ‘gang’ system.
    This left Fukushima and Abbas Saeiditanha (Azad University
    Cross Team) swapping off at the front. No product accessories were found for this product.
    It’s the kind of ruthlessness that the Australians have been criticised for in the past but which has been lacking from the Indian team, who threw the
    towel in after Boxing Day, almost as though they didn’t get
    the presents they wanted for Christmas.

Leave a Reply

Your email address will not be published.


5 + nine =

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>