FOR IMMEDIATE RELEASE
TODAY: 4/24/09
Contact: Suzanne Redmond (315) 255-3045
FINCH: NEW YORK'S TAX
FREEDOM DAY THIRD LATEST IN COUNTRY
New Yorkers in Dire Need of Immediate Tax Relief |
Assemblyman Gary D. Finch (R,I,C -
Springport) today renewed his call for immediate relief from the
crushing tax burden saddling New Yorkers.
Tomorrow, April 25 is Tax Freedom Day, which represents
when taxpayers have paid off their combined federal, state and local
tax
obligations. New York observes this day later than all states
except New Jersey (April 29) and Connecticut (April 30).
"It's no secret that New Yorkers are drowning in
ridiculous tax bills," said Finch. "If this continues, we will see
more residents and
businesses leave the state. Where once New York was a great empire,
a land of promise and dreams, we are now the so-called 'tax capital
of the world.'"
Multiple non-partisan groups have recently released
studies indicating a trend of high taxes creating a poor economic
climate in New York. The Empire Center for New York Policy outlined
how the state budget's $4 billion "temporary" personal income tax
will cost the state in excess of 15,500 private sector jobs.
The Business Council of New York State states that New
Yorkers will pay more for energy, health insurance and many everyday
goods such as bottled water and wine.
All of this will translate to further job losses, noted
Finch.
"In order to jump-start New York's economy, we must
invest in business and cut taxes," Finch said. "Raising taxes is
the most destructive thing that we can do, especially in tough
economic times such as we are in now. New York's late observance of
Tax Freedom Day is just another indication of the financial woes
people face because of an overbearing, overtaxing government.
Session is nearing an end, so expediency is key; New York cannot
survive with the current system in place. We need to cut taxes
now."
Mike Avella Jr.
Press Coordinator
NYS Assembly Minority
(518) 455-5981
F (518) 455-5057 |
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