Most of Cuomo’s blueprint is positive, says NFIB, but small business owners caution against circuit breaker initiative as a property tax shift, not a real fix
Albany (January 8, 2014) – Mike Durant, State Director for the National Federation of Independent Business (NFIB), today issued the following statement in response to Governor Cuomo’s annual State of the State Address:
“New York’s small businesses enter 2014 looking for a renewed commitment from Albany to address issues that have plagued Main Street for decades. Governor Cuomo today rightly focused on reducing New York’s tax burden and boosting our economy.
“Small business owners have long supported many of the initiatives that he outlined in his address. Reforming the estate tax, reducing the corporate tax burden and supporting manufacturers are important elements of the small business agenda and we applaud the Governor for making them priorities this year.
“While we will work with the Governor and Legislature to ensure that these proposals are enacted, we would urge them to expand their focus to include broader tax relief. Most small businesses pay the same taxes as individual families. Broader tax relief, then, would boost consumption, small business investment and therefore the wider economy.
“For that reason we would caution against the so-called circuit breaker proposal, which would shift the burden of local taxes at the expense of broad property tax relief, which New Yorkers desperately need.
“We look forward to working with Governor Cuomo and the Legislature to make New York a state in which small businesses can more easily take root, grow and provide more opportunities.”
To interview Mr. Durant, please contact him directly. You may also contact Sr. Regional Media Manager Jack Mozloom at 609-989-8777 or 609-462-5610 (cell).
For more information about NFIB, please visit www.nfib.com.