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Andrew Cuomo on Corporations

Democratic Governor

 


Cut taxes for small businesses to stimulate growth

To stimulate economic growth I propose a tax cut for small businesses because that is the engine that is driving the economy. 97% of all businesses in New York employ fewer than 100 people--that's 3.4 million employees working in small businesses. I propose a $300 million tax cut that will reduce the rate from 6.5% to 4%, plus a 15% income exemption for partnerships and S-corporations. That's a tax reduction for one million small companies and another clear signal that New York is open for business.
Source: 2016 State of the State speech to New York legislature , Jan 13, 2016

Current low minimum wage amounts to corporate welfare

Some argue that raising the minimum wage is government interference in the private sector. That argument is the height of hypocrisy. Companies that pay the minimum wage--like a McDonald's--have full time workers who are still below the poverty level and qualify for welfare and food stamps. That costs taxpayers, on average, $6,800 per worker. So McDonald's is paying $18,000 and we are paying $6,800 to subsidize that worker. It is corporate welfare at its worst.
Source: 2016 State of the State speech to New York legislature , Jan 13, 2016

Innovation Hot Spots: tax-free incubator zones

To facilitate growth, Governor Cuomo will launch the Innovation Hot Spots Program. The program will designate ten higher education-private sector high-tech innovation incubators for start-up companies through a competition.

Winning Innovation Hot Spots will be tax-free zones, where start-ups and other businesses will not be subject to business, real property, and sales taxes. Any company that emerges from the incubator will be considered part of tax-free Innovation Hot Spots under which neither these companies nor their full-time employees will pay designated taxes for the first five years of the companies' existence.

These incubators will help to foster innovation by offering inventors and entrepreneurs a low-cost and supportive environment in which to work. Winning hot spots will provide start-ups with growth support funding through a one-stop shop for services such as legal and accounting, as well as with office space, networking and other technical assistance.

Source: NY Rising 2013 State of the State booklet , Jan 9, 2013

Prevent landlords from avoiding rent regulation

We passed the toughest rent regulation laws in 30 years. The new laws will protect more than one million New Yorkers from skyrocketing rent by, among other things, raising the deregulation rent threshold for the first time since 1993 and raising the income threshold for the first time since 1997. It will also help prevent landlords from manipulating the system to move apartments out of rent regulation. We executed a new economic development policy with our New York Open for Business campaign and by establishing Regional Economic Development Councils across the state. We passed an affordable energy policy with Recharge NY, on-bill energy efficiency financing, and, after a decade of trying, an Article X electric generation siting law. These programs will lower energy costs, promote energy efficiency, and reduce pollution.
Source: 2012 New York State of the State Address , Jan 4, 2012

Other governors on Corporations: Andrew Cuomo on other issues:
NY Gubernatorial:
Andrew Giuliani
Joe Pinion
Larry Sharpe
Lee Zeldin
Letitia James
Rob Astorino
Tom Suozzi
NY Senatorial:
Antoine Tucker
Charles Schumer
Joe Pinion
Josh Eisen
Kirsten Gillibrand
Mike Sapraicone
Gubernatorial races 2025:
New Jersey Governor:
Virginia Governor:
    Democratic primary June 17 cancelled:
  • Abigail Spanberger, U.S.Rep., VA-7 (2019-2024); Dem. nominee 2025
  • Levar Stoney, VA Secretary of the Commonwealth (2014-2016); (withdrew to run for Lt. Gov.)

    Republican primary June 17 cancelled:
  • Winsome Earle-Sears, Lt. Gov. since 2022; GOP nominee 2025
  • Amanda Chase, State Senate District 11 (2016-2023); failed to make ballot
  • Denver Riggleman, U.S.Rep. (R-VA-5); exploratory committee as Independent
  • Glenn Youngkin, Incumbent Governor , (2022-2025), term-limited
Mayoral races 2025:
NYC Mayor Democratic primary June 24, 2025:
  • Adrienne Adams, speaker of the City Council
  • Andrew Cuomo, former governor of New York, 2011-2021.
    Republican June 24 primary cancelled; general election Nov. 4:
  • Eric Adams, incumbent Democratic mayor running as an independent
  • Jim Walden, Independent; Former assistant U.S. Attorney
  • Curtis Sliwa, Republican; CEO of the Guardian Angels

Jersey City Mayor (Non-partisan)
    Non-partisan general election Nov. 4:
  • Mussab Ali, former president of the Jersey City Board of Education
  • Bill O'Dea, Hudson County commissioner (since 1997)
  • Jim McGreevey, former N.J. Governor (2002-2004)
  • James Solomon, city councilor (since 2017)
  • Joyce Watterman, president of the Jersey City Council (since 2023)

Oakland CA Mayor
    Non-partisan special election April 14, 2025:
  • Barbara Lee, U.S.Rep CA-12 (1998-2025)
  • Loren Taylor, Oakland City Council (2019-2023), lost general election
  • Sheng Thao, Oakland Mayor, lost recall election Nov. 5, 2024
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Page last updated: Jun 01, 2025; copyright 1999-2022 Jesse Gordon and OnTheIssues.org