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Cutting Taxes
Four years ago, state government's oppressive level of taxation was threatening the freedom of New Yorkers. Too much of people's hard-earned money was supporting government, and too little of it was supporting our families. That was wrong. So George Pataki changed it. Governor Pataki cut taxes. And he will cut taxes again.
The Pataki Record on Cutting Taxes:
 - After years of being called America's "tax hell" by Money magazine, New York is now the national leader in cutting taxes. Every year since 1995, New York has cut taxes more than any other state. In 1996 the Empire State cut taxes more than all 49 other states combined.
- The respected Cato Institute calls Gov. Pataki ``the nation's premier tax-cutter.'' He has cut income, corporate, property and sales taxes.
- Governor Pataki has cut taxes 31 times, saving taxpayers and businesses $7.4 billion in 1998. Annual savings will grow to nearly $13 billion when tax cuts now in the pipeline become fully effective in 2001-02. These tax cuts will help create tens of thousands of new private-sector jobs.
- The tax burden imposed by the state is lowest since 1972, and dropping.
- Governor Pataki cut income taxes by 25 percent.
- Corporate franchise tax rate reduction cuts that tax to its lowest rate since 1970.
- STAR cuts school property tax bill for senior citizens by average 45 percent, and average 27 percent for everyone else. This is real savings and the most sweeping assault on the property tax in state history.
- Sales tax soon to be eliminated on clothing under $110.
- For New York City, the tax cuts enacted in Albany have virtually undone, in terms of dollars, all the tax increases imposed there in the early 1990s.
Additional Information
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