Working Families Party, AQE Praise Circuit Breaker Bill
The Working Families Party and the Alliance for Quality Education put out a press release praising the state Assembly for proposing the property-tax circuit breaker and for seeking to raise income taxes on the wealthy.
“The Assembly is backing a practical solution to the property-tax crisis,” said Dan Cantor, executive director for the Working Families Party. “Their bill will deliver real property tax relief for millions of homeowners without threatening our schools, paid for responsibly by asking the very wealthiest New Yorkers to contribute a bit more. In hard economic times, the Assembly is giving the middle class homeowner a real break, and asking the $20,000 a week crowd to help pick up the slack. It’s smart, it’s fair, and it will help lots of people.”
Billy Easton, head of the Alliance for Quality Education, added that the “the Senate majority adopted an over-simplified gimmick that is proven to be failed public policy in Massachusetts, California and other states. ”
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So a small business that claims 1.4 million dollars for one year will be asked to subsidize the school welfare system? For a small business showing a 1.4 mil gross, now deduct taxes, rent or property tax, wages for employees, FICA, inventory ect ect. What is left? No wonder small business is fleeing NYS. You have taxed them out of business.