Hawley: New York’s Tax Freedom Day 48th Latest In The Nation
Assemblyman Steve Hawley (R,C,I-Batavia) today commented on New York’s Tax Freedom Day, which falls on Friday May 8. The day represents how long a citizen of New York must work to pay off their annual tax burden. In other words, if every penny of one’s income went to taxes from January 1 until May 8, they would finally be working for themselves from May 9 until the end of the year. Hawley said that New York has a notorious reputation for high taxes and widespread relief is necessary to stimulate our business climate.
“As a lifelong resident and small-business owner for over four decades, I can attest that New York’s tax burden remains crippling,” Hawley said. “It is difficult for small businesses to produce large profits and create more jobs when a large share of their revenue goes to New York State. The Assembly Majority has done little to lessen the middle-class tax burden on families in the last several budgets and our property taxes remain some of the highest in the nation. In order to preserve our tax base and stop the huge exodus of residents to more tax-friendly states like Florida, we need to enact a serious middle-class tax cut immediately.”