top of page
Untitled (1).png

Jobs & Economic Growth
Strengthening Workers

Filling Out Tax Form

Income Tax Reduction Plan: Put in place a statutory 2% spending cap, and implement long-term income tax reductions by ensuring excess revenues are either provided to taxpayers through rebate checks or reduced rates based on economic conditions (to be introduced, Ra).
​
Inflation Relief & Consumer Assistance Plan: Eliminate sales tax on dozens of everyday items for two years, including (but not limited to) gasoline, personal care products, housekeeping supplies, and prepared foods (A.1690, Barclay).
​
Retain-NY: Increase the tuition tax credit and deduction to 2% or the Higher Education Price Index, whichever is greater, and allow for the deduction of all student loan interest (A.5125, Barclay).
​
Tax Simplification and Fairness Study: Establish a study to examine the current tax system to see if there is a benefit to eliminating existing tax credits and simplifying the tax code by taxing individuals at the same, lower rate (A.4791, Smullen).​

01 Providing Tax Relief

Business Meeting

​​​
Earned Income Tax Credit Expansion: Expand the New York State value of the Earned Income Tax Credit from 30 percent to 45 percent of the federal amount (A.5442, Barclay).
​​​​​
Offer the Earned Income Tax Credit in Monthly Installments: Offer the State EITC as installment payments instead of a lump sum when filing income taxes (A.1737, Goodell).

02 Supporting Wage Growth

Workers with Safety Vests

Sector Partnership Enhancement and Reinforcement Program: Provide State support for the establishment or expansion of local sector partnerships designed to address industry-specific workforce and other training needs (A.6496, Maher).

​​​

Learning for Work Program: A three-part plan to accelerate career readiness and reduce the burden of student loan debt:

  • Youth Apprenticeship Program: Creates a one- or two-year program beginning in 11th or 12th grade that combines academic classroom coursework with mentored on-the-job training in a specific occupational area.

  • Enhanced Regents Professional Degree: Students who enroll in the Youth Apprenticeship Program would earn this degree with a designation in their career field of choice.

    • Any student who is not offered or who decides not to seek employment in their field of choice will be awarded a minimum of 15 credit hours at any SUNY or CUNY institution.

  • Youth Apprenticeship Tax Credit: Establishes a $1,500 per apprentice tax credit for businesses that take part in the Youth Apprenticeship Program (A.3200, Ra).

03 Training Workers for the Jobs of Tomorrow

bottom of page