NY Small Business Calls Tax Report Embarassing, Calls for Change

Albany (October 9, 2012) – A new report by the non-profit Tax Foundation ranks New York again dead last among all states for its business climate.  That, according to the National Federation of Independent Business (NFIB), is an embarrassing distinction that leaders in Albany must change.

“New York ranks in the bottom ten in every tax category except the corporate tax,” said NFIB State Director Mike Durant.  “Governor Cuomo said two years ago that New York has no future as the tax capital of the United States, but that’s exactly what we are and unless that changes none of the other reforms will matter.”

The Tax Foundation ranks New York 50th overall.  The state ranks 50th on income taxes, 45th on unemployment taxes, 45th on property taxes, 38th in sales taxes and 23rd in corporate taxes.

“We’re leading the country in all the wrong categories,” said Durant.  “The two biggest taxes for small businesses are the income tax and the property tax, and those are higher than almost anywhere else.

“If we’re serious about changing New York’s reputation as a place to do business, then we need more than a slick advertising campaign,” he said.  “We need real reform that starts with fewer mandates on local governments which drive up property taxes and we need lower, flatter income taxes that reward people for working and investing here.”

For more information about NFIB, please visit www.nfib.com

Click here to view the Tax Foundation report:  http://taxfoundation.org/article/2013-state-business-tax-climate-index

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About Mike Durant

Mike Durant was named New York State Director of NFIB in May 2011. Prior to joining NFIB as the Assistant State Director in May 2010, Durant began his career in the New York Senate working in the Office of Member Services. From there, he served in a number of positions during former New York Governor George E. Pataki’s administration. As a Research Specialist in the New York State Office of Demographic Policy, Mike was responsible for drafting a redistricting proposal for Governor Pataki. In addition, Mike served as a Research Specialist for the Empire State Development Corporation, as well as the Associate Commissioner of Human Resource Management with the New York Department of Labor. Durant also spent four years working at the Questar III BOCES as a specialist focusing on the complex formulas that drive aid to school districts across the state while also taking a lead role in the state legislative/budget process as it related to education policy. These past positions have given Mike a deep understanding of the complex political economics of the State of New York. Active in the community, Durant has served on a number of boards in both the village of Ballston Spa and Town of Milton. Durant received his bachelor’s degree from Siena College in Loudonville, New York and resides in Ballston Spa with his wife and two children.
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