Small Business: State Spending Cap is Insurance Policy for Tax Cuts

Date: February 27, 2014

Related Content: News State New York

Albany (February 27, 2014) – The National Federation of Independent Business (NFIB), which supports
most of Governor Cuomo’s tax cut proposals, today said the best way to ensure
their full implementation is to cap state spending increases at two percent.

Governor’s budget assumes that state spending increases won’t exceed two
percent over the next two years. That’s a leap of faith that taxpayers
shouldn’t have to make,” said NFIB State
Director Mike Durant.

pressure on Albany to increase spending is always heavy, said Durant, and the
promise to cut taxes could be easily abandoned next year or the year after.

tax cuts depend on fiscal restraint and that’s always the first casualty of
politics,” said Durant.  “A two-percent
cap would lock everyone in to the commitment that the Governor is making to

pointed out that the two-percent cap on property taxes, which the Legislature
approved, works on the same principle. 

of it as belly band surgery for government,” said Durant.  “It’s a way to control Albany’s appetite for
more spending.”

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