NewsLI.com reports - “Senator John Flanagan (2nd Senate District) recently joined with the other members of the Senate Republican Conference to announce a major new jobs initiative designed to improve New York’s business climate, reduce taxes, and create thousands of new jobs for workers across the State.

The plan’s centerpiece would reward businesses with a three-year tax credit, averaging between $2,500 and $5,000 for every new job created. It would also eliminate taxes for small businesses and manufacturers that pay the state’s corporate franchise tax and roll back the income tax surcharge that was included in last year’s budget passed by the Democrat-controlled Senate and Assembly. In addition, it also places a moratorium on new taxes, fees and regulations that are inhibiting private sector job-creation efforts in the state…”

“Private sector job creation needs to be New York’s highest priority. This plan addresses this vital need by removing barriers to job growth and giving our citizens hope and opportunity. The tax credit for job creation and the moratorium on new regulations and taxes on small business are effective tools to create jobs. New York has lost hundreds of thousands of jobs because the state spends too much and taxes too much. The spending cap in this plan is an important fiscal reform that must be enacted,” said Kenneth Adams, president and CEO of The Business Council of New York State, Inc.”

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