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Andrew Cuomo on Corporations

Democratic Governor

 


Cut taxes for small businesses to stimulate growth

To stimulate economic growth I propose a tax cut for small businesses because that is the engine that is driving the economy. 97% of all businesses in New York employ fewer than 100 people--that's 3.4 million employees working in small businesses. I propose a $300 million tax cut that will reduce the rate from 6.5% to 4%, plus a 15% income exemption for partnerships and S-corporations. That's a tax reduction for one million small companies and another clear signal that New York is open for business.
Source: 2016 State of the State speech to New York legislature , Jan 13, 2016

Current low minimum wage amounts to corporate welfare

Some argue that raising the minimum wage is government interference in the private sector. That argument is the height of hypocrisy. Companies that pay the minimum wage--like a McDonald's--have full time workers who are still below the poverty level and qualify for welfare and food stamps. That costs taxpayers, on average, $6,800 per worker. So McDonald's is paying $18,000 and we are paying $6,800 to subsidize that worker. It is corporate welfare at its worst.
Source: 2016 State of the State speech to New York legislature , Jan 13, 2016

Innovation Hot Spots: tax-free incubator zones

To facilitate growth, Governor Cuomo will launch the Innovation Hot Spots Program. The program will designate ten higher education-private sector high-tech innovation incubators for start-up companies through a competition.

Winning Innovation Hot Spots will be tax-free zones, where start-ups and other businesses will not be subject to business, real property, and sales taxes. Any company that emerges from the incubator will be considered part of tax-free Innovation Hot Spots under which neither these companies nor their full-time employees will pay designated taxes for the first five years of the companies' existence.

These incubators will help to foster innovation by offering inventors and entrepreneurs a low-cost and supportive environment in which to work. Winning hot spots will provide start-ups with growth support funding through a one-stop shop for services such as legal and accounting, as well as with office space, networking and other technical assistance.

Source: NY Rising 2013 State of the State booklet , Jan 9, 2013

Prevent landlords from avoiding rent regulation

We passed the toughest rent regulation laws in 30 years. The new laws will protect more than one million New Yorkers from skyrocketing rent by, among other things, raising the deregulation rent threshold for the first time since 1993 and raising the income threshold for the first time since 1997. It will also help prevent landlords from manipulating the system to move apartments out of rent regulation. We executed a new economic development policy with our New York Open for Business campaign and by establishing Regional Economic Development Councils across the state. We passed an affordable energy policy with Recharge NY, on-bill energy efficiency financing, and, after a decade of trying, an Article X electric generation siting law. These programs will lower energy costs, promote energy efficiency, and reduce pollution.
Source: 2012 New York State of the State Address , Jan 4, 2012

Other governors on Corporations: Andrew Cuomo on other issues:
NY Gubernatorial:
Bill de Blasio
George Pataki
Howie Hawkins
Kathy Hochul
Mike Bloomberg
Rob Astorino
Zephyr Teachout
NY Senatorial:
Kirsten Gillibrand

Gubernatorial Debates 2017:
NJ: Guadagno(R) vs.Phil Murphy(D, won 2017 primary) vs.Ray Lesniak(D, lost 2017 primary) vs.Mayor Steve Fulop(declined Dem. primary, Sept. 2016) vs.Lesniak(D) vs.Wisniewski(D) vs.Ciattarelli(R) vs.Rullo(R)
VA: Gillespie(R) vs.Perriello(D) vs.Wittman(R) vs.Wagner(R) vs.Northam(D)
Gubernatorial Debates 2018:
AK: Walker(i) vs.(no opponent yet)
AL: Kay Ivey(R) vs.Countryman(D) vs.David Carrington (R) vs.Tommy Battle (R)
AR: Hutchinson(R) vs.(no opponent yet)
AZ: Ducey(R) vs.David Garcia (D)
CA: Newsom(D) vs.Chiang(D) vs.Villaraigosa(D) vs.Delaine Eastin (D) vs.David Hadley (R) vs.John Cox (R) vs.Zoltan Istvan (I)
CO: Ed Perlmutter (D) vs.Johnston(D) vs.Mitchell(R) vs.Cary Kennedy (D) vs.George Brauchler (R) vs.Doug Robinson (R)
CT: Malloy(D) vs.Drew(D) vs.Srinivasan(R) vs.David Walker (R)
FL: Gillum(D) vs.Graham(D) vs.Mike Huckabee (R) vs.Adam Putnam (R)
GA: Kemp(R) vs.Casey Cagle (R) vs.Hunter Hill (R) vs.Stacey Abrams (R)
HI: Ige(D) vs.(no opponent yet)
IA: Kim_Reynolds(R) vs.Leopold(D) vs.Andy McGuire (D) vs.Nate Boulton (D)
ID: Little(R) vs.Fulcher(R)
IL: Rauner(R) vs.Kennedy(D) vs.Pawar(D) vs.Daniel Biss (D) vs.J.B. Pritzker (D)
KS: Brewer(D) vs.Wink Hartman (R)
MA: Baker(R) vs.Gonzalez(D) vs.Setti Warren (D) vs.Bob Massie (R)
MD: Hogan(R) vs.Alec Ross (D) vs.Richard Madaleno (D)
ME: (no candidate yet)
MI: Whitmer(R) vs.El-Sayed(D) vs.Tim Walz (D)
MN: Coleman(D) vs.Murphy(D) vs.Otto(D) vs.Tina Liebling (DFL) vs.Tim Walz (DFL) vs.Matt Dean (R)
NE: Ricketts(R) vs.(no opponent yet)
NH: Sununu(R) vs.Steve Marchand (D, Portsmouth Mayor)
NM: Grisham(D) vs.(no opponent yet)
NV: Jared Fisher (R) vs.(no opponent yet)
NY: Cuomo(R) vs.(no opponent yet)
OH: DeWine(R) vs.Schiavoni(D) vs.Sutton(D) vs.Taylor(R) vs.Jim Renacci (R) vs.Jon Husted (R) vs.Connie Pillich (D)
OK: Gary Richardson (R) vs.Connie Johnson (D)
OR: Brown(D) vs.Scott Inman (D)
PA: Wolf(D) vs.Wagner(R)
RI: Raimondo(D) vs.(no opponent yet)
SC: McMaster(R) vs.McGill(R) vs.Pope(R)
SD: Noem(R) vs.Jackley(R)
TN: Green(R) vs.Dean(D)
TX: Abbott(R) vs.(no opponent yet)
VT: Scott(R) vs.(no opponent yet)
WI: Walker(R) vs.Harlow(D)
WY: (no candidate yet)
Newly-elected governors (first seated in Jan. 2017):
DE-D: Carney
IN-R: Holcomb
MO-R: Greitens
NH-R: Sununu
NC-D: Cooper
ND-R: Burgum
VT-R: Scott
WV-D: Justice

Retiring 2017-18:
AL-R: Robert Bentley(R)
(term-limited 2018)
CA-D: Jerry Brown
(term-limited 2018)
CO-D: John Hickenlooper
(term-limited 2018)
FL-R: Rick Scott
(term-limited 2018)
GA-R: Nathan Deal
(term-limited 2018)
IA-R: Terry Branstad
(appointed ambassador, 2017)
ID-R: Butch Otter
(retiring 2018)
KS-R: Sam Brownback
(term-limited 2018)
ME-R: Paul LePage
(term-limited 2018)
MI-R: Rick Snyder
(term-limited 2018)
MN-D: Mark Dayton
(retiring 2018)
NM-R: Susana Martinez
(term-limited 2018)
OH-R: John Kasich
(term-limited 2018)
OK-R: Mary Fallin
(term-limited 2018)
SC-R: Nikki Haley
(appointed ambassador, 2017)
SD-R: Dennis Daugaard
(term-limited 2018)
TN-R: Bill Haslam
(term-limited 2018)
WY-R: Matt Mead
(term-limited 2018)
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Page last updated: Jul 09, 2017