Good News!

As a result of a landmark, bipartisan agreement between the Legislature and the Governor, 78.2 percent of all employers, will see a total elimination of the job killing MTA payroll and many others will receive a reduction.

This overdue plan repeals the devastating MTA payroll tax for more than 704,000 business entities that are currently struggling with this onerous tax.  This includes eliminating the payroll tax for 290,000 employers with payrolls of less than $1.25 million; 415,000 self-employed taxpayers; and all public and non-public schools.

I very much appreciate Governor Cuomo’s good faith efforts in working with the Senate to remove this unfair burden on Long Island businesses.  I have said from the day I voted against it, that the MTA Payroll Tax was a burdensome, job killing tax that should never have been adopted in the first place.

We still have a lot of work to do to spur our Island economy and create jobs.  That being said, this is a significant victory for our community and a huge step in the right direction.

Sincerely,

Carl L. Marcellino

TAX CUTS FOR LONG ISLAND’S MIDDLE CLASS A STEP IN
THE RIGHT DIRECTION
A statement from Assemblyman Andrew Raia (R,I,C – East Northport)

Today my vote was for a more fair tax code, the end to a job-killing mandate, job creation, and a boost to our lackluster economy. While not perfect, the legislation is a step in the right direction.

Reducing the MTA payroll tax for small businesses and exempting private, public and parochial schools is a step forward, but we must put more thought into repealing the tax completely. The MTA needs to streamline its services, find efficiencies and stop looking to Albany to resolve its financial mismanagement.

Date: December 7, 2011

 

          Assemblyman Jim Conte (R,I,C,WF-Huntington Station) today voted to pass legislation reforming New York’s antiquated tax code to provide relief to Long Island families and seniors while eliminating the MTA payroll tax on public and private schools and many small businesses.

          “By reforming New York’s tax code and eliminating the MTA payroll tax for public and private schools and many small businesses, lawmakers have provided much-needed relief to Long Island families and job creators. This will help stimulate our local economy and grow jobs,” said Conte. “I have been a strong proponent of repealing the job-killing MTA payroll tax since its enactment in 2009, and I am pleased that I could do my part in helping to greatly reduce the negative impact this tax has had on our communities.”

 

            Assemblyman Conte noted the legislation will also help create and attract new employment opportunities to Long Island by making investments in the region’s transportation infrastructure and providing tax cuts to the state’s manufacturers.

 

            “Investments in our roads and bridges and reductions in taxes that businesses and individuals pay will help to make Long Island a more attractive place to own a business. These are the types of economic incentives needed to bring more employment opportunities to the Empire State,” said Conte. “Job creation and economic growth are important to get New York back on track and it will eventually lead to increased revenue for the state.

 

 “While the Legislature accomplished much during today’s special session, lawmakers must now focus on providing unfunded mandate relief for school districts and local governments and institute spending reforms to reduce the size and cost of state government,” said Conte.