Andrew Cuomo on Tax Reform Democratic Governor

Decrease personal income tax & decrease property tax

Walden, Cuomo and Sliwa would decrease the property tax rate, while Blake would increase it--most other candidates would keep the rate as it is now, except for Ramos, who did not provide an answer.

Provide targeted tax relief to lower income, middle-class

Improve incomes through job creation, workforce training, and worker protections and via tax cutting measures.

COVID: Raise taxes on the wealthy to help states

Limiting state tax deductibility hurts Democratic states

Good management leads to lower taxes

Tax cuts as part of strategy to create jobs

Tax cut for middle class; increase taxes on wealthiest 1%

Cuomo's tax message includes a modest cut for the middle class while increasing taxes on the state's tiny, wealthiest 1 percent, [one pundit] said. "It's good politics," he said.

[Perhaps] Cuomo's greatest triumph is forcing a 2 percent cap on the growth in local property taxes. Cuomo promised as a candidate in 2010 to eliminate state-mandated programs on schools and local governments so they could afford the 2 percent cap. Many school and local government officials say too few mandates-- many protected by influential unions in Albany --were touched.

[One pundit] dismissed Cuomo's property tax freeze as a "gimmick," because taxes will still go up and the state subsidy will just mask them for a year or two.

A flat tax is not a fair tax

Enacted NY's first-ever property tax cap: 2% per year

NY has 2nd highest state and local tax burden in the nation

Freeze state taxes; cap local taxes; cap spending

• Freeze Taxes: Because New Yorkers--already among the most taxed in the nation--cannot afford to pay more taxes than they do already, Andrew Cuomo will freeze taxes: he not raise and will veto any increase in personal or corporate income taxes or sales tax.
• Impose a State Spending Cap: In order to address the financial crisis and permanently control State spending, a statutory and constitutional spending cap that requires the Governor to propose, and the Legislature to enact, a budget that limits State Operating Funds growth to the rate of inflation is necessary.
• Impose a Local Property Tax Cap: Spending must also be controlled at the local level. The local property tax cap would apply to all school districts and local governments and would be set at the lower of the inflation rate or two percent.

Tax business based on how much business they do in NY