“New York’s small business owners are encouraged that the Governor’s Executive Budget proposal continues to promote fiscal responsibility and incorporates components of our small business agenda.
“Governor Cuomo has rightfully focused on reducing New York’s sizable tax burden this year. From reforming the estate tax to cutting costs for manufacturers, this fiscal plan has the potential to change both perception and reality for our state.
“We are, however, concerned that this tax relief component would bypass the broad majority of existing small businesses. We also reject the circuit breaker concept for two reasons. It redirects the conversation away from the comprehensive mandate relief that we need. And it diverts state funds that could be used for broad based tax relief for small business.
“We are pleased that the Governor continues to address the substantial regulatory hurdles that businesses face in this state and will work with the administration to help cut red tape to encourage sustainable economic growth. We will analyze the Governor’s budget plan in greater depth over the next few days and continue our efforts to advocate and work with the Governor and lawmakers on behalf of taxpayers and small business owners.”