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The Business Council has resumed an intensive Web-based "electronic
advocacy" project designed
to refocus lawmakers' attention on the need for further tax reductions
this year.
The renewed "e-advocacy" campaign was begun after
budget negotiations broke down late last month. It was widely reported
that Governor Pataki and the legislative leaders were close to agreement
on a deal but that tax cuts, a top priority of The Council, did not
figure prominently in negotiations."Our initial 'e-advocacy' effort
of several months made clear that the business community strongly supports
more tax cuts, but somehow the issue lost prominence in budget discussions," said
Business Council President Daniel B. Walsh. "By renewing this effort
now, we will make clear how important this issue is to employers and
to New York's economy," he added.
All Council members are urged to visit the home
page and click on the tax-cut icon atop the right-hand column on the
home page.
This will bring users to a page from
which they can automatically generate letters urging tax cuts. Users
can select their preferred tax cuts from a list of 15 options. The
letters will be sent to Governor Pataki, legislative leaders and chairs
of relevant legislative committees, and to the users' own elected representatives,
and to key legislative and executive-branch staff members.The Council
unveiled this site earlier this year after months of research by Council
staff and key members on new tax cuts and reforms that should be advocated.
Since the site was created, more than 20,000 letters have been faxed
to legislative leaders and key staff. "Business is dismayed that lawmakers,
wrangling over a surplus created by prosperity, are apparently talking
little about tax reduction, the policy likeliest to expand our prosperity," Walsh
said in a statement released after budget negotiations broke down."We
urge lawmakers not to succumb to the inevitable temptation that accompanies
good times: to spend imprudently without regard to the long-term tax
burden. New York has made this mistake before. We like to think the
lesson has been learned."He cited other states that also have healthy
revenues and are mulling or enacting tax cuts. These states include
Pennsylvania, Texas, Florida, Michigan, Massachusetts, Michigan, Colorado
and Wisconsin. He said The Council's tax-cut priorities include:
- Reduction in the bank and insurance
tax rates to the new level of the general corporate tax rate, 7.5
percent.
- Further reduction of the gross receipts
tax and other taxes on energy and telecommunications customers.
- Elimination of the petroleum business
tax and the ton mileage tax.
- Further reduction of the alternative
minimum tax, which primarily affects manufacturers and the securities
industry.
- Expanded sales tax exemptions for
investments in telecommunications and broadcasting equipment.
Click
here for a summary of tax-cut proposals advanced by Governor Pataki
and legislative leaders for the current legislative session.
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