Senate Budget Proposal Calls For Sweeping Tax Cuts
Published: March 14th, 2016
By: Shawn Magrath

ALBANY – A new tax cut plan included in the New York State Senate’s one-house budget proposal seeks to give $3.5 billion in tax breaks for the middle class, which state legislators say would be a boon to taxpayers in counties like Chenango.

The proposal additionally includes tax cuts of more than $494 million for small businesses, and another $275 million for seniors.

The highlight of the plan, unveiled by the State Senate Republican Majority last week, is the Middle Class Income Tax Relief Program which proponents argue will bring the middle class tax rate to its lowest point in 70 years.

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