Gov. Andrew Cuomo has been endorsed by the state’s largest business lobby for his reelection bid. The New York State Business Council made the announcement Wednesday at the Plug Power energy manufacturing company near Albany.
Business Council President Heather Briccetti says her group is endorsing Cuomo over his GOP challenger Rob Astorino because of the governor’s record on achieving four on-time budgets, enacting business tax cuts and holding the increase in state spending and property taxes to two percent each year. She also praised Cuomo’s bi-partisan governing style.
Divisions are forming in the upcoming debate over tax cuts that’s likely to dominate the new legislative session.
Business groups are largely supportive of the findings of a tax commission appointed by Gov. Andrew Cuomo. The commission recommends cuts to the corporate tax, faster phase out of an energy tax and easing of the estate tax. They also propose a reduction in property taxes by encouraging local governments and schools to cut spending and consolidate.
Talks are taking place behind the scenes on changes to New York’s tax code that could result in the wealthy paying higher taxes. Governor Cuomo, who is asking for the changes, is also proposing a gambling expansion and other initiatives which he is asking the state legislature to consider later this week.