The rumors are true ! Governor Cuomo’s office has sent an op-ed written by the governor expressing his support for tax reform. You can read the whole thing below, but here’s one key paragraph: ” In New York under the permanent tax code, an individual making a taxable income of only $20,000 pays the same marginal tax rate as an individual making $20 million. It’s just not fair. While New York’s earned income tax credit, child care credit, and high standard deduction help working poor families, New York has left the middle class with an undue burden which also hinders our economic recovery.” [ more › ]
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Income Tax Reform Now: Cuomo Officially Declares Current System "Unfair" To Middle Class