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Andrew Cuomo on Tax Reform

Democratic Governor

 


Tax cuts as part of strategy to create jobs

We limited the state's new spending to less than 2% a year. We passed a 2% property tax cap that has brought welcome relief to the citizens of our state and we have cut income, corporate and estate taxes. In total, we have reduced the tax burden on New Yorkers by $114 billion dollars. Why is that important? Because reducing taxes is part of our strategy to create jobs.
Source: 2016 State of the State speech to New York legislature , Jan 13, 2016

Tax cut for middle class; increase taxes on wealthiest 1%

Although Cuomo said as a candidate in 2010 state taxes were "out of control" and candidate Astorino in 2009 called county taxes "madness", records show each, at best, only stemmed the growth in taxes, which remain among the highest in the nation.

Cuomo's tax message includes a modest cut for the middle class while increasing taxes on the state's tiny, wealthiest 1 percent, [one pundit] said. "It's good politics," he said.

[Perhaps] Cuomo's greatest triumph is forcing a 2 percent cap on the growth in local property taxes. Cuomo promised as a candidate in 2010 to eliminate state-mandated programs on schools and local governments so they could afford the 2 percent cap. Many school and local government officials say too few mandates-- many protected by influential unions in Albany --were touched.

[One pundit] dismissed Cuomo's property tax freeze as a "gimmick," because taxes will still go up and the state subsidy will just mask them for a year or two.

Source: Newsday on 2014 New York State gubernatorial race , Jun 15, 2014

A flat tax is not a fair tax

We fought for tax fairness. For decades, millions of New Yorkers were burdened with an unfair tax code. Whether a person made $20,000 or $20 million, they paid the same rate. It was just wrong--because a flat tax is not a fair tax. We added new brackets for the middle class and for high earners. The more you make, the higher rate you pay. And we stimulated our economy by cutting taxes for New Yorkers earning $40,000 to $300,000. Today, the middle class is paying the lowest rate in 58 years.
Source: 2012 New York State of the State Address , Jan 4, 2012

Enacted NY's first-ever property tax cap: 2% per year

We began the year by closing a $10 billion deficit with no gimmicks, and we did it on time. The budget included historic reforms to redesign and consolidate state government, eliminate automatic spending increases that cost New Yorkers billions of dollars, and cap spending increases for education and Medicaid. After 20 years of failure, we enacted the state's first-ever property tax cap. New York's property taxes are among the highest in the nation, but for more than 15 years, both houses of the Legislature and three governors failed to bring these skyrocketing costs under control. The tax cap that we enacted limits increases in property taxes to 2 percent, or the rate of inflation--whichever is less. Schools and local governments can go beyond the cap, but only if 60 percent, respectively, of the voters or local legislative body approve.
Source: 2012 New York State of the State Address , Jan 4, 2012

NY has 2nd highest state and local tax burden in the nation

The national economic decline has hurt New York especially hard. We are in the midst of the Great Recession where nearly 800,000 New Yorkers are unemployed and our people are facing the crush of the second highest combined state and local tax burden in the nation. New York's already hostile business climate--ranked 50th in the nation--must change if we are to have prosperity. Our government costs are simply unsustainable. New Yorkers see the dysfunction and they're voting with their feet by leaving.
Source: 2011 State of the State speech to New York legislature , Jan 5, 2011

Freeze state taxes; cap local taxes; cap spending

Source: 2010 gubernatorial campaign website, andrewcuomo.com , Nov 1, 2010

Tax business based on how much business they do in NY

Cuomo proposed taxing multi-state companies only on how much business they do here. Cuomo suggested replacing the existing corporate franchise tax, which is based on a combination of sales, payroll & property holdings, with a “single sales factor” tax, under which sales would be counted once instead of twice as they are now. It would be phased in over four years and benefit manufacturers and securities firms first, eventually applying to all companies with holdings in New York and other states.
Source: Elizabeth Benjamine, Times Union (Albany) , Feb 15, 2002

Other governors on Tax Reform: Andrew Cuomo on other issues:
NY Gubernatorial:
Bill de Blasio
George Pataki
Howie Hawkins
Kathy Hochul
Mike Bloomberg
Rob Astorino
Zephyr Teachout
NY Senatorial:
Kirsten Gillibrand

Gubernatorial Debates 2017:
NJ: Fulop(D) vs.Lesniak(D)
VA: Gillespie(R) vs.Wittman(R) vs.Northam(D)
Gubernatorial Debates 2016:
DE: Bonini(R) vs.Carney(D)
IN: Pence(R) vs.Gregg(D)
MO: Hanaway(R) vs.Brunner(R) vs.Kinder(R) vs.Greitens(R)
MT: Bullock(D) vs.Perea(R) vs.Johnson(R)
NC: McCrory(R) vs.Cooper(D) vs.Spaulding(D)
ND: Dalrymple(R) vs.Stenehjem(R) vs.Heitkamp(D) vs.Pomeroy(D)
NH: Hassan(D) vs.Bradley(R) vs.Sununu(R) vs.Lavoie(R)
OR: Brown(D) vs.Bell(D) vs.Niemeyer(R) vs.Pierce(R)
UT: Herbert(R) vs.Johnson(R) vs.Matheson(D)
VT: Shumlin(D) vs.Minter(D) vs.Dunne(D) vs.Scott(R) vs.Smith(D)
WA: Inslee(D) vs.Bryant(R)
WV: Kessler(R) vs.Cole(D)
Newly-elected governors (first seated in Jan. 2015):
AK-I: Bill Walker
AR-R: Asa Hutchinson
AZ-R: Doug Ducey
IL-R: Bruce Rauner
MA-R: Charlie Baker
MD-R: Larry Hogan
NE-R: Pete Ricketts
OR-D: Kate Brown
PA-D: Tom Wolf
RI-D: Gina Raimondo
TX-R: Greg Abbott

Lame ducks 2015-16:
DE-D: Jack Markell
(term-limited 2016)
KY-D: Steve Beshear
(term-limited 2015)
LA-R: Bobby Jindal
(term-limited 2015)
MO-D: Jay Nixon
(term-limited 2016)
VT-D: Peter Shumlin
(retiring 2016)
WV-D: Earl Ray Tomblin
(term-limited 2016)
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Page last updated: Feb 01, 2016