Tag Archives: Blueprint for a Stronger New York

Senator Phillips Joins Senate Majority To Unveil Broad-Based ‘Jobs And Opportunity Agenda’

Plan aims to make state more competitive and business-friendly,
improve job creation and cut red tape on regulations

 

Jobs And Opportunity AgendaSenator Elaine Phillips recently joined with the Senate Majority to unveil a broad-based “Jobs and Opportunity Agenda” designed to help New York become more competitive, improve job creation, and make the state more business-friendly. The Senate plan will save small businesses more than $1.1 billion in taxes, cut red tape, reduce regulatory burdens, invest in workforce development, and strengthen New York’s economic development programs.

 

“On Long Island, and across New York, one of our strengths has always been the high-quality education, skills and training of our workforce,” Senator Phillips said. “Right now, we are facing a jobs cliff, where older residents are leaving the workforce faster than we can replace them. By implementing initiatives such as academic credit to encourage students to get real-world job experience, job placement for our veterans and enhancing the Labor Department’s outreach, we are creating better opportunities for our economy and state.”

 

The Senate has advanced a three-pronged “Blueprint for a Stronger New York” that focuses on making the state less costly and more attractive for hardworking New Yorkers. When combined together, the Blueprint’s Affordability, Opportunity, and Security agendas will comprise a powerful and comprehensive plan to give all New Yorkers the opportunity to succeed.

 

Today’s announcement details the second part: a Jobs and Opportunity Agenda that focuses on comprehensive tax, regulatory, and economic development reforms that will help make New York more competitive and foster job growth. The Jobs and Opportunity Agenda includes:

 

Cutting Taxes on Small Businesses

To help New York’s vitally important small businesses succeed, our plan includes lower business, property, energy, and income taxes. It builds upon existing Senate tax reduction successes, including the $23 billion in savings by enacting a property tax cap and keeping state spending at two percent the past seven years. Both of these initiatives are proposed to be made permanent in the Senate Majority’s plan. It also continues to support the implementation of the middle-class income tax cuts that is bringing $4.2 billion in relief to tens of thousands of small businesses. Additional tax-cutting initiatives amounting to more than $1.1 billion in new savings include:

  • New Tax Cuts for Businesses – $495 million: Reduce the amount small businesses and farms must pay in taxes by increasing the corporate tax threshold from $390,000 to $500,000 and lowering the rate to 2.5 percent. The proposal also expands the small business exemption to all businesses filing the personal income tax regardless of whether they have employees, increases the threshold to $500,000, increases the exemption to 15 percent, and increases the exemption to 20 percent for farmers.
  • Create STAR for Small Businesses – $275 million: Allow real property owned by a small business (100 or less employees) to be eligible for the STAR property tax savings program.
  • Reduce Energy Taxes – $280 million: Eliminate the two-percent Gross Receipts Tax on utility bills, resulting in $190 million in savings. Energy tax cuts would also expand upon the savings achieved when the Senate Majority phased out the onerous 18-A energy tax surcharge enacted by New York City Democrats several years ago. Now that the surcharge has been eliminated, the Senate Majority’s Blueprint would go even further by eliminating the base, underlying 18-A assessment tax and have the $90 million in savings come from the state’s general fund.
  • Tax Relief to Boost Manufacturing – $90 million: This legislation would extend the zero percent Corporate Franchise Tax parity to all manufacturers in New York regardless of how they are organized. Currently, only approximately 25 percent of manufacturers – those organized as C corps – can receive the zero percent rate on business income.
  • Tax Relief to Boost Manufacturing – $90 million: This legislation would extend the zero percent Corporate Franchise Tax parity to all manufacturers in New York regardless of how they are organized. Currently, only approximately 25 percent of manufacturers – those organized as C corps – can receive the zero percent rate on business income.

 

Strengthening the State’s Economic Development Programs

Several of New York’s economic development programs and strategies are not producing the results that taxpayers expect and lack the transparency needed to help the state be more fair and competitive. The Senate will propose:

  • Shut down START-UP and redirect advertising funding to support more effective economic development initiatives: The Governor’s START-UP program has failed to produce the job-creating results that were promised. The Senate will propose to stop the state from accepting new applications for the program at the end of 2018. In addition, the Senate will redirect the $44.5 million in advertising money included in the 2018-2019 Executive Budget and support more effective economic development programs.
  • Improve Transparency with a Database of Deals: Ensure greater transparency and accountability in state contracting by creating a searchable database of all state subsidy and economic development benefits so that individuals, businesses, and public officials can monitor how taxpayer dollars are spent.
  • Promote Additional Oversight: Create an Independent Oversight Panel for all large public work projects and state procurements of $50 million or more.

 

Cutting Red Tape and Overregulation

Businesses consistently cite New York’s overly burdensome regulatory practices as a major factor that hinders job creation and economic growth. The Senate’s agenda includes a Streamlining for Success package that will reduce unnecessary red tape, improve our regulatory practices, and give more New York businesses the opportunity to succeed. It includes:

  • Prevent Regulatory Steamrolling: Curtail state agency overuse of the emergency regulation process to ensure it is only used in true emergency situations when necessary to protect public health and safety. In addition, the Senate proposes allowing the Administrative Regulations Review Commission to examine an issue and vote on a 90-day delay prior to the adoption of proposed administrative rules. This will help when businesses raise concerns about possible rulemaking inconsistencies with statutory authority or legislative intent, or could potentially burden taxpayers or local governments.
  • Improve the State Rulemaking Process: Reform the regulatory, licensing, and permitting processes to make them easier to understand, more responsive to businesses’ concerns, increase transparency, improve consistency, and reduce overly burdensome or unnecessary requirements.
  • Remove Speedbumps to Development: Create a new statutory “Fast-Track” process for economic development projects.
  • Advocate for Small Businesses: Make the state an advocate, not an adversary, by creating a small business liaison to help start-ups navigate the state agency bureaucracy. The advocate would hear concerns, advocate within an agency on behalf of small businesses, and increase education of and outreach to entrepreneurs.

 

Making New York a Leader in Job Training

Far too many businesses across our state are finding it difficult to locate and hire skilled, trained workers for positions that are available. The Senate’s plan includes a Gateway to Opportunity package that includes major funding and smart reforms to help make New York a national leader in workforce development. Initiatives include:

  • Connect Veterans with Jobs: Create a Veterans Career Assistance Program within the SUNY and CUNY system to assist veterans with resume writing and employment placement services. Another measure would allow the rewarding of high school diplomas based upon military experience to any veteran who has served in active duty and was honorably discharged but was unable to complete their schooling.
  • Strengthen In-School Training Programs: Expand and make permanent the P-Tech School Programs that prepare thousands of New York students for high-skills jobs in technology, manufacturing, healthcare and finance. The Senate would also increase resources for Career and Technical Education (CTE) programs.
  • Promote Practical Skills and Experiences: Allow academic credit for high school students who participate in internships and other practical experiences. The Senate also proposes that schools work to encourage participation in apprenticeships.
  • Equip College Students: Require SUNY and CUNY Board of Trustees to establish a grant program for community colleges to develop or improve training and workforce development programs to prepare the unemployed for jobs in the surrounding regions.
  • Use Better Metrics: Enhance outreach, education, and reporting by the state Department of Labor on employment and training programs.

 

The Senate Majority Record

The Senate Majority has been responsible for the enactment of 85 tax cuts over the past seven years, saving taxpayers $12 billion to date. This includes the lowest middle-class tax rates since 1948, the lowest manufacturing rates since 1917, the lowest corporate rates since 1968, a property tax cap for homeowners, and many more.

 

The Blueprint for a Stronger New York will include these and other measures to build on that successful record and provide a sensible approach to lowering taxes and creating better opportunities for all New Yorkers during the 2018 session and upcoming budget negotiations.

 

Visit Senator Phillips’ webpage

 

Senator Phillips Joins Senate Majority to Unveil 2018 Affordability Agenda

Advances First Piece of “Blueprint for a Stronger New York”; Puts Focus on Initiatives That Help More Families and Seniors Afford To Stay and Thrive In Their Communities

 

Senator Elaine Phillips joined her Senate Republican colleagues to unveil a broad-based affordability agenda designed to help individuals, families, and seniors continue to live, work, and succeed in New York. Initiatives advanced this year by the Senate will reduce the excessively high taxes and other factors that make it difficult to live, raise a family, own a home, or retire in New York.

 

“The high cost of living on Long Island and throughout the state is forcing thousands of working-class families, young entrepreneurs and small business owners to move to other parts of the country because it is too difficult to make ends meet,” Senator Elaine Phillips said. “My Republican colleagues and I are focused on making New York more affordable for hardworking taxpayers by delivering $4.2 billion in middle-class income tax cuts, providing millions of dollars in tax relief and ensuring fiscal responsibility in government. New York is the Empire State and it is time we retain that status by creating new economic opportunities for all New Yorkers.”

 

The Senate is advancing a three-pronged “Blueprint for a Stronger New York” that focuses on making the state less costly and more attractive for hardworking New Yorkers. When combined together, the Senate’s Affordability, Opportunity, and Security agendas comprise a powerful and comprehensive plan to give all New Yorkers the opportunity to succeed.

 

Today’s announcement details the first part: an Affordability Agenda that focuses on broad-based tax relief for families and seniors. The Affordability blueprint includes:

 

  • Lower Income Taxes
  • Lower Property Taxes
  • Lower Energy Taxes
  • Lower Taxes on Retirement
  • Reforms to Control Spending and Prevent Tax Increases

 

Lower Income Taxes

The start of the new year means millions of taxpayers will begin to see significant savings delivered as part of the Senate Majority’s Middle Class Income Tax Cut. Tax relief will ultimately reach $4.2 billion a year and reduce middle class tax rates by 20 percent for employees and tens of thousands of small businesses.

 

The Senate Majority will also advance measures to help all New Yorkers negatively impacted by Federal income tax changes that were recently approved in Washington D.C.

 

Lower Property Taxes For Every Homeowner

New York is one of the highest taxed states in the nation and high property taxes are a key factor in the inability of families and seniors to make ends meet. With the enactment of the Senate Majority’s two-percent property tax cap in 2011, progress has been made in curtailing soaring tax growth, but ongoing adherence to the cap is not guaranteed.

 

Today, the Senate will be acting on legislation that makes the state’s highly successful property tax cap permanent. Since it was enacted, taxpayers have already saved $23 billion and to cement those gains for current and future taxpayers, it must be made permanent this year.

 

In 2018, 2.5 million residents will receive nearly $1 billion in property tax rebate checks – over and above the tax relief already provided by the STAR program. The Senate Majority secured the checks in 2015 and will make it a priority to prevent any diminishing or eliminating of those rebate checks in this year’s state budget.

 

In addition, the Affordability Agenda proposes a 25-percent increase in the size of the current property tax rebate checks. These checks currently provide direct, much-needed relief through checks in the mail to homeowners and increasing their amount will help further ease the local tax burden.

 

Many seniors on fixed incomes face a particularly difficult challenge affording New York’s high taxes. To help alleviate this financial pressure and prevent older New Yorkers from being forced to move to lower-taxing states, the Senate Majority will propose a new freeze on school property taxes at current levels for seniors. In addition, the Senate will go one step further and propose completely eliminating school property taxes for seniors over the next ten years.

 

Lower Energy Taxes – $280 Million in New Tax Relief

New York has some of the highest energy costs in the nation, and state taxes on energy impose a major expense on millions of families and seniors. To provide relief to overburdened taxpayers, the Senate Majority plan would eliminate the two-percent Gross Receipts Tax on utility bills, resulting in $190 million in savings.

 

The energy tax savings would also expand upon the energy savings achieved when the Senate Majority phased out the onerous 18-A energy tax surcharge enacted by New York City Democrats several years ago. Now that the surcharge has been eliminated, the Senate Majority’s Affordability plan would go even further by eliminating the base, underlying 18-A assessment tax and have the $90 million in savings come from the state’s general fund.

 

Lower Taxes on Retirement – $275 Million in New Tax Relief

Each year, thousands of older New Yorkers leave their communities and move to other states because of the taxation of a large portion of retiree pension income. The Senate Majority proposes to help reverse this trend by doubling the current exemption on pension income and save seniors $275 million. This initiative, combined with the property tax reductions proposed above, would make New York more affordable for more seniors.

 

Reforms to Control Spending and Prevent Tax Increases

Later today, the Senate will also be acting on legislation that enacts a permanent two-percent spending cap into state law. For the last seven years, the Senate Majority has held spending within a two-percent cap, saving a cumulative $41 billion. To protect New Yorkers from future tax increases, the state must enact a permanent spending cap to ensure families and businesses can afford to be located in New York for years to come.

 

Similar to last year’s successful rejection of hundreds of millions of dollars in new taxes and fees proposed by the Governor, the Senate Majority will advance a 2018-19 budget proposal that includes no new taxes or fees.

 

To further hold the state accountable and prevent unnecessary taxation, the Senate Majority will put forward a measure that requires a supermajority vote on state legislation that increase taxes and address the mandates that drive up local taxes. The Senate will also propose a constitutional amendment to ban unfunded mandates and further pursue property tax relief through the significant reductions of existing mandates.

 

The Senate Majority Record

The Senate Majority has been responsible for the enactment of 85 tax cuts over the past seven years, saving taxpayers $12 billion to date. This includes the lowest middle-class tax rates since 1948, the lowest manufacturing rates since 1917, the lowest corporate rates since 1968, a property tax cap for homeowners, and many more.

 

The Blueprint for a Stronger New York will build on that successful record and provide a sensible approach to lowering taxes and creating better opportunities for all New Yorkers during the 2018 session and upcoming budget negotiations.

 

Visit Senator Phillips’ webpage