http://www.syracuse.com/news/index.ssf/2014/10/cuomo_to_receive_tax_foundation_award_for_lowering_ny_rates.html
Today Governor Andrew Cuomo received the Tax Foundation Award for lowering its corporate tax rate this year. Before New York ranked as #50 based on Tax Foundation rankings but with new parts of reform, it is said that NY will move to fourth. Cuomo received the award for Outstanding Achievement in State Tax Reform. A spokesperson from the Tax Foundation said "New York's reforms in 2014 reduced unnecessary complexity in the corporate tax base and lowered the corporate income tax rate to the lowest level since 1968." Cuomo created more brackets in the state's income tax code, which lowered rates for many middle-class taxpayers and put more tax burden on the wealthiest New Yorkers. Now the tax rates range from 4 percent to 8.82 percent.
Rob Astorino wants to continue this type of reform.
If Cuomo is doing a good job would electing Rob Astorino be a wrong move? Or is this award all fluff seeming that New York still has one of the highest tax rates in the US.
I think that Cuomo winning this award at this point in the election will definitely sway the vote in his favor and that Astorino doesn't have a chance against him.
ReplyDeleteI am in complete agreement with Daniella because this shows that Governor Cuomo is really helping the middle class and working hard for them. He is decreasing the taxes on the middle class because they may not be able to pay for the taxes and have enough money left to use for personal use. This award shows that he is trying to help the middle class. This award also shows just how big of a difference he has made in the New York tax system because other people are noticing this huge change. This will really help to get more middle class people to vote for him.
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