Niagara Gazette

Local News

January 23, 2014

Duffy gets into detail|Duffy visits Falls to tout Cuomo's spending plan

(Continued)

Niagara Gazette — • The elimination of the net income tax rate on upstate manufacturers. The current tax rate is 5.9 percent.

• A reduction and simplification of corporate taxes. Cuomo's plan would combine the corporate franchise and bank taxes and would lower the tax rate on net income from 7.1 percent to 6.5 percent.

City Council Chairman Charles Walker introduced Duffy at the afternoon event.

He said Cuomo's recent spending plans have put the state in a position to find fiscal stability.

"He's been right on point with all the things he's done," Walker said.

Many of the provisions in the budget demonstrate a commitment to Western New York from Cuomo's office, according to Walker.

"I look forward to his continued interest in Western New York," Walker added.

Contact reporter Justin Sondel at 282-2311, ext. 2257

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