The Senate has also already passed the Job Creation and Taxpayer Protection Acts, which is vital legislation to help improve the business climate in New York State. New York's high taxes drive businesses and jobs out of our state. Fewer businesses and fewer residents means a smaller tax base. The Taxpayer Protection Act will require a two-thirds vote to increase taxes, thus making it more difficult to raise taxes, thereby, relieving our residents from ever increasing taxes, and creating a friendlier business climate. This legislation, if passed by the Assembly and signed by the Governor, also will establish a tax credit program for businesses that create new jobs. This will help get people back to work and off the unemployment rolls, saving our state money in unemployment benefits.
My goal as the new Chairman of the Senate Finance Committee is to help reduce taxes and spending and pass sensible legislation that will help to create jobs in order to get our State back on track. I will do everything I can achieve these goals.
John DeFrancisco is a New York State Senator representing the towns of Lysander and Van Buren, as well as other portions of Central New York.