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Governor Cuomo's plan for tax cut package

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Albany/HV: Governor Cuomo's plan for tax cut package
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As part of the state budget Governor Andrew Cuomo is including a tax cut package as part of his proposed 142 billion dollar spending plan. As Capital Tonight's Nick Reisman reports, the plan is facing opposition from both Senate and Assembly members.

NEW YORK STATE -- The $142 billion budget proposal from Governor Andrew Cuomo would cut taxes by nearly two billion dollars over the next several years. But there is some opposition in both houses of the Legislature over whether the tax cuts are appropriate.

The proposal requires local governments to cap property taxes and then share services.
Driving the opposition in part has been labor groups.

Assembly speaker, Sheldon Silver says he is concerned the tax cuts don't necessarily benefit those who could use it.

Assembly Speaker Sheldon Silver said, "It's only good in parts of the state. Someone's benefit is contingent on another government taking action or refraining from taking action so it has some flaws."

At the heart of Cuomo's tax cut is a plan to essentially freeze local property tax increases over a two-year period.

CSEA Spokesman Stephen Madarasz said, "As we take a good look at the governor's local tax tax cut scheme, it becomes clear it will only be achieved at the expense of services in communities and a loss of local control."

In the state Senate, IDC Leader Jeff Klein supports property tax relief, but says more needs to be done for the middle class, and he believes the package of business tax cuts as proposed by Cuomo won't help. He suggested Tuesday he may link his support for tax cuts to items on his own agenda such as paid family leave.

Klein said, "I think that if we do property tax relief that will benefit the middle class, that does benefit the working class. But I've been very clear: I don't think we need to be doing so many of these tax cuts when we're just ignoring the middle class."

Cuomo has pegged the opposition to the property tax plan on local officials who don't want to make hard budget choices.

Cuomo said, "They don't want to have to put in a plan that says they have to do that and they don't want the pressure of the exercise."

So far Cuomo's main ally when it comes to the tax cut package has been Senate Republicans. While they have expressed some unease with the property tax plan, the GOP have generally backed the cuts aimed at businesses.

Senate GOP Leader, Dean Skelos said, "We create more jobs, we have more revenue and that can be invested in education, infrastructure, a lot of other things."

Budget proposals from the Assembly and Senate are due March 12, while the budget itself must be passed April 1.

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