OnTheIssuesLogo

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: Fulop(D) vs.Lesniak(D)
VA: Gillespie(R) vs.Wittman(R) vs.Northam(D)
Gubernatorial Debates 2016:
DE: Bonini(R) vs.Carney(D)
IN: Pence(R) vs.Gregg(D)
MO: Hanaway(R) vs.Brunner(R) vs.Kinder(R) vs.Greitens(R)
MT: Bullock(D) vs.Perea(R) vs.Johnson(R)
NC: McCrory(R) vs.Cooper(D) vs.Spaulding(D)
ND: Dalrymple(R) vs.Stenehjem(R) vs.Heitkamp(D) vs.Pomeroy(D)
NH: Hassan(D) vs.Bradley(R) vs.Sununu(R) vs.Lavoie(R)
OR: Brown(D) vs.Bell(D) vs.Niemeyer(R) vs.Pierce(R)
UT: Herbert(R) vs.Johnson(R) vs.Matheson(D)
VT: Shumlin(D) vs.Minter(D) vs.Dunne(D) vs.Scott(R) vs.Smith(D)
WA: Inslee(D) vs.Bryant(R)
WV: Kessler(R) vs.Cole(D)
Newly-elected governors (first seated in Jan. 2015):
AK-I: Bill Walker
AR-R: Asa Hutchinson
AZ-R: Doug Ducey
IL-R: Bruce Rauner
MA-R: Charlie Baker
MD-R: Larry Hogan
NE-R: Pete Ricketts
OR-D: Kate Brown
PA-D: Tom Wolf
RI-D: Gina Raimondo
TX-R: Greg Abbott

Lame ducks 2015-16:
DE-D: Jack Markell
(term-limited 2016)
KY-D: Steve Beshear
(term-limited 2015)
LA-R: Bobby Jindal
(term-limited 2015)
MO-D: Jay Nixon
(term-limited 2016)
VT-D: Peter Shumlin
(retiring 2016)
WV-D: Earl Ray Tomblin
(term-limited 2016)
Abortion
Budget/Economy
Civil Rights
Corporations
Crime
Drugs
Education
Energy/Oil
Environment
Families/Children
Foreign Policy
Free Trade
Govt. Reform
Gun Control
Health Care
Homeland Security
Immigration
Infrastructure/Technology
Jobs
Local Issues
Principles/Values
Social Security
Tax Reform
War/Iraq/Mideast
Welfare/Poverty

 
Search for...





Page last updated: Feb 01, 2016