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FOR RELEASE: IMMEDIATELY
CONTACT: MATT MOYSE (518) 455-5981
FINCH CALLS BUDGET INADEQUATE FOR MANUFACTURERS
Says New York City members are blinded by high-rising towers
Assemblyman Gary D. Finch (R, C-Springport) today
criticized the lack of tax cuts for manufacturers across New York state,
and more specifically Central New York.
Finch said both his colleagues in the Assembly Minority
Conference and he are pleased with the relief given to homeowners, seniors
and families, but is critical of the fact that the Assembly Majority
stripped nearly every provision that would offer tax cuts for job creators
and manufacturers.
“It is disappointing to see a budget that does not
offer struggling manufacturers any tax breaks,” said Finch. “Small
businesses and manufacturers are the driving force behind New York’s
economy; it is unfortunate that my colleagues from New York City can not
see past their high rising towers.”
Assemblyman Finch and his colleagues today offered an
amendment to the budget to eliminate the corporate franchise tax on
manufacturing, a tax cut that has broad bi-partisan support in the
Assembly including 15 Democrat supporters. The tax break would save
manufacturers $300 million annually.
According to the most recent Economic Census
information from the U.S. Census Bureau in 2002, there were still over
21,000 manufacturers employing more than 641,000 employees in New York
state.
“The manufacturers of New York need the help they
deserve and this tax cut is a great place to start,” said Finch. “If we
can not give these businesses a tax break, then New York’s economy will
most certainly suffer. We were able to give tax relief back to the
taxpayers in the form of property tax relief, education tax credit,
eliminating the personal income tax marriage penalty and the elimination
of sales tax on clothing under $110. Now we need to give back to the
businesses that create jobs in the same way.”
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3/31/06
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