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Dec 08 2011

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Egalitarian Bill Moving Forward In Albany, Queens Set For Job Growth

 

New legislation that passed both houses in Albany is being hailed as an early Christmas present for the stagnant state economy.

The new plan includes something to appease everyone from Long Island Republicans to inner city Democrats. Parts of Queens are set to benefit. Below is a statement from the Governor on the initiative even though the actual language of the bill is still under consideration:

”The agreement includes support for a comprehensive New York Works Agenda that will create thousands of jobs with new investments in New York’s infrastructure; passing a fair tax reform plan that achieves the first major restructuring of the tax code in decades, resulting in a tax cut for 4.4 million middle-class New York taxpayers; approving $50 million in additional relief for areas devastated by recent floods; and reducing the MTA payroll tax to provide relief for small businesses.” 

The plan was backed by Gov. Andrew Cuomo, which the state Senate passed 55-0 Wednesday night and the Assembly approved 130-8 early Thursday.

The new tax breaks will go to most households with annual earnings of $40,000 to $300,000, or single filers making $20,000 to $150,000 a year.

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Permanent link to this article: http://queens-politics.com/2011/12/jobs-bill-reached-in-albany/


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