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For Release — February 29, 2000

Statement by: DANIEL B. WALSH, President
The Business Council of New York State, Inc.

ALBANY — Senator Bruno's leap-year proposal could mean a giant leap forward for New York's economy.

New York's surplus came from the bottom lines and household budgets of New York taxpayers. We agree with Senator Bruno that returning those dollars to taxpayers is the best use of that surplus, and we applaud his creative and strategic proposals for doing that. His business-tax cuts would be especially helpful: For example:

The Business Council believes that New York has come a long way in reducing its tax burden, but that there's a long way to go. Putting New York State's tax burden in line with the rest of the nation's is a job well begun but by no means done.

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