“The announced conceptual agreement on the State budget sends a difficult and regressive message to small business owners across New York. While the agreement allows for tax cuts for small business, it in no way offsets the mandated increase in labor cost with the minimum wage increase and extension of the 18-a energy assessment. Further, New York has long suffered from an anti-business, high taxed reputation. The extension of the high earner tax rate will only continue to leave New York behind the rest of the nation in economic competitiveness.
NFIB will analyze the final budget language as it becomes available and weigh in accordingly” - Mike Durant, State Director NFIB/NY