Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.
Tax exemptions for military, locally grown produce among new bills signed into law
New York Governor Cuomo recently signed a number of bills into law. One new law that I sponsored will enable military to receive sales-tax exemptions on vehicles purchased out of state. Another will increase purchasing of locally grown produce in hospitals, prisons, and other state-run facilities. Military tax exemption A.6223 exempts members of the military upon […]
As an elected official and legislative leader I have always pushed for measures that create jobs, promote growth, and enhance our quality of life. New York state is home to one of the worst tax climates in the nation, and our families and business have paid too much for too long. The Assembly Minority Conference
Latest Property-Tax Relief Suggestions Pass on Mandate Relief, Spending Cuts for Localities
The Tax Relief Commission issued its final report in December. The commission was established by Governor Cuomo and was charged with providing recommendations to cut $2 billion in state taxes over three years. Included in its final report were property-tax relief recommendations that the governor will consider. Three property-tax relief recommendations were outlined. They include
Dr. Baucus is preparing a colonoscopy on business
Max Baucus, the chairman of the U.S. Senate Finance Committee, donned his Dracula costume last month, and proposed retroactive taxation on the business community. Unlike Bela Lugosi in the original 1931 film, where Count Dracula says, “I have come to suck your blood,” Max has pulled on his rubber gloves and decided to probe the
Tax Commission Proposal to Freeze Property Taxes Is a Great Start
Recently, the Tax Relief Commission led by former New York Gov. George Pataki and former Comptroller H. Carl McCall issued its recommendations to save New Yorkers $2 billion in taxes over the next three years. The commission recognized immediately that New York’s tax burden is too expensive for homeowners and is crippling the state’s economy,
On Dec. 10, the U.S. Treasury Department sold off its last shares of General Motors’ stock (NYSE: GM). Both President Obama and the Treasury Secretary Jack Lew touted the company bailouts — Chrysler was also bailed out — as a success. Let’s do a quick review to understand what “success” means in Washington doublespeak. President
New York Tax Reform and Fairness Commission Outlines Reforms
It is widely understood that New York is a high-tax state. New York state citizens are acutely aware of this fact. It is hardly surprising then that the governor, being the politician that he is, has appointed not one, but two, commissions to examine how to reform the Empire State’s tax system. The first commission
Wage Theft Act Reform is Needed
The Business Council of New York State, Inc. is urging the New York Legislature to repeal the annual wage-notification provision of the Wage Theft Prevention Act. “The wage notification and acknowledgement requirement of the Wage Theft Prevention Act provides little, if any, additional benefit to employees,” Ken Pokalsky, vice president of government affairs for The
Facts about Free Markets and Pope Francis
Pope Francis tells us lately the free market is a wicked enemy. It must be restrained. He calls it a “new tyranny.” He insists the successes of free markets have “never been confirmed by the facts.” Ronald Reagan used to say that facts are stubborn things. On economic matters the president had a better grip
“Heroes” in mythology are endowed with great courage and strength; they are celebrated for their bold exploits. “Heroes” can also be people who risk or sacrifice their lives. My heroes are those entrepreneurs noted for building thriving regional corporations and for nurturing our communities through their generosity of time, treasure, and talent. Communities grow and
Stay up-to-date on the companies, people and issues that impact businesses in Syracuse, Central New York and beyond.