Commuter Democrats knock Kathy Hochul’s payroll tax hike for MTABy Carl Campanile and Zach Williams
February 20, 2023
Suburban Democratic lawmakers want to drive Gov. Hochul’s plan to boost the payroll tax on businesses to fund the beleaguered MTA off the tracks – at least for their own constituents.
“We respectfully request that all counties outside of New York City’s five boroughs be exempt from the executive’s proposal to expand the MTA Payroll Mobility Tax,” state Sens. James Skoufis (D-Woodbury), Michelle Hinchey (D-Kingston) and Monica Martinez (D-Hauppauge) said in a Monday letter to Senate Majority Leader Andrea Stewart Cousins (D-Yonkers).
Hochul’s plan – part of her $227 billion executive budget proposal unveiled Feb. 1 – would increase the top payroll tax to 0.50% from 0.34% on employers and self-employed individuals in New York City and seven suburban counties served by MTA trains and buses. The increase is projected to generate $800 million per year starting July 1.
Hochul also wants to increase the rate imposed on the net earnings of a self-employed business owner to 0.42% for tax year 2023 and to 0.50% beginning in tax year 2024.
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Source:
https://nypost.com/2023/02/20/train-wreck-dems-want-to-derail-hochul-payroll-tax-hike/
