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Issues and events that shape Long Island's economic and legislative landscape.

Wednesday, April 16, 2014

NYS Senate Holds Statewide Hearings on Tax Reform

Long Island Association Vice President Matthew Cohen testified earlier today at the NYS Senate's statewide public hearing on Reducing and Reforming NYS Taxes To Ease Burden on Taxpayers and Create Jobs.  The state Senate Finance Committee, chaired by Senator John DeFrancisco (R-C-I, Syracuse), and the Committee on Investigations and Government Operations, chaired by Senator Carl L. Marcellino (R, Syosset), have scheduled five statewide public hearings on how New York's tax policies can be changed to reduce the burden on taxpayers and to help businesses create more jobs.

"I believe New Yorkers would be best served by broad-based tax cuts that could help all businesses grow and create jobs in New York State," Senator DeFrancisco said.  "These hearings will give us an opportunity to hear the best ideas for reforming the state''s tax policy and achieving real results."

"Over the last few years, New York State government has taken steps in the right direction to improve the fiscal health of our state, reduce the tax burden and eliminate obstacles that prevent businesses, both new and established, from thriving," Senator Marcellino said.  "Yet, we should never stop looking for new ways to reform our tax policies, cut our taxes and encourage economic growth.  This series of hearings will provide invaluable insight as we shape a new tax reform proposal that fits the 21st century economy."

For more information, schedule and video clip click here.