“The Business Council commends Governor Cuomo, Senate Majority Leader Skelos and Speaker Silver for coming to a bipartisan agreement that will encourage job creation and economic development, reduce the tax burden on middle-income New Yorkers and small businesses, and assist those communities devastated by Hurricane Irene and Tropical Storm Lee. Additionally, the proposal to reduce the tax rate for corporate manufacturers will help an industry that has experienced a steep decline in employment.

The three leaders have proven, once again, that they are focused on restoring our state’s fiscal health. Restructuring the current income tax brackets and reducing the MTA payroll tax will help ease the financial burden on hardworking taxpayers and business-owners, which is vital to growing New York’s economy.

We will continue to work with the Governor, Senate and Assembly, as well as other pro-business organizations, to encourage investment, create jobs and lower the cost of living in New York State.”

- Heather Briccetti, acting-president and CEO, The Business Council of New York State, Inc.