Press release:
With the State Budget now passed, jump starting New York's economy and getting people back to work are at the top of the to-do list. That’s why I voted for legislation today in the State Senate to implement the 2012 NEW JOBS-NY Job Creation Plan.
Every new job created helps the state’s economy, helps strengthen a community, and most importantly, helps a family improve its quality of life. This comprehensive plan will help create thousands of new private sector jobs by delivering tax relief and reducing energy costs for small businesses and manufacturers.
Among the highlights of the 2012 NEW JOBS-NY Job Creation Plan are:
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HIRE-NOW-NY Tax Incentive: New job-creating incentives to grant businesses a tax credit of up to $5,000 for each new job created; up to an $8,000 credit if the new job goes to someone on unemployment; up to a $10,000 credit if a business hires a returning military veteran.
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10 % Personal Income Tax Credit for Small Businesses: This tax cut would save 800,000 small businesses $80 million.
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20 % Corporate Tax Cut for Small Businesses: This cut in the corporate tax rate will save nearly 200,000 small businesses $49 million.
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Reducing the Job-Killing Tax Burden on New York Manufacturers: The plan would spur creation of thousands of manufacturing jobs by dramatically reducing taxes on manufacturers over a three year period ($495 million in tax relief).
Over the last two years, we’ve enacted two fiscally responsible State Budgets that reduced spending, excluded any new taxes or fees, and enacted billions of dollars in tax cuts. The 2012 NEW JOBS-NY Job Creation Plan will build on this progress, create thousands of new jobs and help to ensure a brighter, stronger future for the Empire State.
Ah, yes another episode of "The Collapse of Complex Societies" .
Why does this have to be so damn complicated. Just stop charging people and companies tax on their hard-earned money. That'll get business rolling and people working again.