Action needed to win another major tax reduction in 1998

TO: Chambers of commerce/regional associations

We're told that Senate Majority Leader Bruno will soon introduce legislation to enact the major business-tax reduction package he proposed several weeks ago. As you know, continued progress in reducing New York's tax burden is one of our very highest priorities for 1998. The Senate Majority plan represents exactly the kind of progress we need:

Including several smaller changes, Senator Bruno's plan would cut business income taxes by roughly $900 million -- perhaps 30 percent of the current total. Meanwhile, we're also told the Assembly Majority is considering a tax reduction package, including new business tax cuts. This is truly an historic opportunity to win the further tax reduction New York needs to become more competitive.

Your help in making the case for major tax reduction this year is absolutely essential. And, contrary to recent years, there seems to be a chance that this year's budget might be adopted near the April 1 deadline. So we need to act as quickly as possible. We ask that you take these steps, in the coming week to 10 days:

In case you haven't seen it, click here for the Senate Majority proposal outlined by Senator Bruno several weeks ago.