Legislature takes up state leaders' tax deal

(AP) - Bills are being printed to enact a huge tax deal that's now expected to pass by Wednesday night in Albany. The tax plan has already been agreed to by Gov. Andrew Cuomo and legislative leaders.

News 12 Staff

Dec 7, 2011, 11:23 PM

Updated 4,533 days ago

Share:

Legislature takes up state leaders' tax deal
(AP) - Bills are being printed to enact a huge tax deal that's now expected to pass by Wednesday night in Albany. The tax plan has already been agreed to by Gov. Andrew Cuomo and legislative leaders.
It would raise the income tax on millionaires while providing a modest, but rare, break for 4.4 million middle class New Yorkers.
Snags and last-minute negotiations appeared all but settled by mid-afternoon.
More than $2 billion would be raised from the tax hike. It would pay for the middle-class tax cut, fund jobs programs, provide $50 million for upstate flood relief and ease the New York City transit tax on small business while giving manufacturers a tax break.
The cut for most middle-class New Yorkers will range from $200 to $400 a year.


More from News 12
2:14
Teen accused of driving stolen car while high, causing fatal crash in Centereach

Teen accused of driving stolen car while high, causing fatal crash in Centereach

1:39
Morning rains before cloudy, warm Monday afternoon for Long Island

Morning rains before cloudy, warm Monday afternoon for Long Island

1:53
Long Island's Jewish communities pause and reflect on Holocaust Remembrance Day

Long Island's Jewish communities pause and reflect on Holocaust Remembrance Day

1:34
2nd annual Long Island Jewish Film Festival celebrated at Cinema Arts Center in Huntington

2nd annual Long Island Jewish Film Festival celebrated at Cinema Arts Center in Huntington

0:23
Suffolk police: Pedestrian struck, killed by car in Copiague

Suffolk police: Pedestrian struck, killed by car in Copiague

0:50
Hundreds of athletes compete in Special Olympics New York Spring Games at Plainedge High School

Hundreds of athletes compete in Special Olympics New York Spring Games at Plainedge High School

0:30
Zibanejad has 2 goals and 1 assist, Panarin scores as Rangers beat Hurricanes 4-3 in Game 1

Zibanejad has 2 goals and 1 assist, Panarin scores as Rangers beat Hurricanes 4-3 in Game 1

0:24
Police: Huntington Station man critically injured in Dix Hills hit-and-run

Police: Huntington Station man critically injured in Dix Hills hit-and-run

0:27
Nassau police: 6 injured in shooting at Westbury home

Nassau police: 6 injured in shooting at Westbury home

2:06
New guidance says women need to be screened for breast cancer at 40 or younger

New guidance says women need to be screened for breast cancer at 40 or younger

0:21
State police: 32-year-old man killed in Wantagh Parkway crash

State police: 32-year-old man killed in Wantagh Parkway crash

0:45
Fire breaks out at Plainview storage facility

Fire breaks out at Plainview storage facility

1:50
‘No one is helping.’ Freeport tenants say complaints about fire alarm are falling on deaf ears

‘No one is helping.’ Freeport tenants say complaints about fire alarm are falling on deaf ears

0:46
Teachers participate at 15th annual 'GC for a Cure' 5K Run and Walk in memory of late educator

Teachers participate at 15th annual 'GC for a Cure' 5K Run and Walk in memory of late educator

0:53
Prosecutors: Queens man stole used cooking oil from 16 restaurants

Prosecutors: Queens man stole used cooking oil from 16 restaurants

0:28
Sag Harbor teen charged with DWI following crash into tree

Sag Harbor teen charged with DWI following crash into tree

2:15
Meeting held over next steps for cleanup at Bethpage Community Park

Meeting held over next steps for cleanup at Bethpage Community Park

1:32
Knowing the early warning signs during Stroke Awareness Month

Knowing the early warning signs during Stroke Awareness Month

0:38
Sam Ash Music announces closure of all store locations

Sam Ash Music announces closure of all store locations

2:15
EXCLUSIVE: Gov. Hochul talks retail theft, bail reform during visit to Lindenhurst

EXCLUSIVE: Gov. Hochul talks retail theft, bail reform during visit to Lindenhurst