Assemblyman John Ceretto, R-C-I-Lewiston, is applauding the Tax Foundation for its recognition of New York's positive tax reforms in the new state budget. The Tax Foundation issued a report that bumped New York's ranking in corporate tax climate from 25th in the nation up to fourth. The report cited reductions in the corporate net income tax rate, simplification of the bank tax system, and increased thresholds for the estate tax.
Ceretto said he sees this report as evidence Western New Yorkers can be optimistic about their futures in the area for the first time in decades. He issued the following statement:
"The Tax Foundation recognizes the progress we have made in New York over the past four years. Working with Gov. Cuomo, we have created a tax and business climate that welcomes hard-working families and new businesses to Western New York. This news means there will be more well-paying jobs that keep people here in Western New York. I thank the governor for joining us as an independent, bipartisan voice, putting the people of Western New York first, and delivering results. Lowering the tax burden on job creators remains a top priority of mine in the Assembly."