McDonough Joins Cuomo To Reduce MTA Payroll Tax
Assemblyman Dave McDonough speaks with Governor Andrew Cuomo on Monday, December 12, 2011, shortly after Cuomo signed a package of job-growth legislation into law which rolls back the MTA payroll tax.
Assemblyman Dave McDonough (R,C,I-Merrick) today joined Governor Andrew Cuomo and Long Island lawmakers for the signing into law of legislation to repeal and reduce the unfair Metropolitan Transportation Authority (MTA) payroll tax. The legislation, passed during the December 7 special session, is expected to cut taxes for more than 700,000 small businesses and self-employed New Yorkers. McDonough lauded the legislation at today’s signing, but noted that more must be done to cut costly red tape on New York’s businesses.
“I was proud to join Governor Cuomo and my Long Island colleagues for the signing of this long-overdue legislation,” said McDonough. “The repeal and reduction of the MTA payroll tax is especially important to Long Island. Senator Fuschillo, Senate Majority Leader Skelos and I have repeatedly called for the end of this job-killing tax. The reduction of the MTA payroll tax signals an opportunity for local businesses to put more of their hard-earned money toward investment, expansion and hiring, and indicates that Albany is finally getting serious about economic growth.”