Last week, our friends at the New York chapter of the National Federation of Independent Business (NFIB) released their 2014 legislative agenda, which focuses on tax and regulatory reforms that will benefit small businesses throughout the state.
NFIB NY proposes to:
- Cut the corporate tax for small businesses
- Reduce the personal income tax for small businesses
- Reform the sales tax assessment process to match the impact with local economic conditions
- Reform the onerous and outdated Scaffold Law
We agree with their assessment that if enacted into law, their plan will provide a more competitive environment for small businesses and wider prosperity for New Yorkers.
NFIB shares our view that a property tax circuit breaker is merely a tax shift, and does not reflect real tax relief.
We look forward to working with NFIB in 2014 to provide real tax relief and regulatory reform in New York.