Assemblyman Phil Ramos (D-Brentwood) announced the introduction of a new bill designed to provide tax relief for millions of New Yorkers (A.9179). The bill would cut the middle-class tax rate, expand the Earned Income Tax Credit (EITC) and require the wealthiest New Yorkers to pay their fair share.
“I have made it a priority to fight for tax relief for New Yorkers, but more must be done to help families succeed,” Assemblymember Ramos said. “By putting more money in the pockets of hardworking New Yorkers, we can help families get ahead while also boosting our economy.”
Specifically, the measure cuts the personal income tax rate for the middle-class, expands eligibility for the EITC from 30 percent to 35 percent of the poverty level and will require the wealthiest New Yorkers to pay their fair share through the “millionaire’s tax.”
Assemblyman Ramos noted that Long Island is especially burdened by a high cost of living with Suffolk and Nassau counties being two of the most expensive places to live in the country.1 As part Of Ramos’ efforts to provide financial relief for Long Islanders, he fought to secure $3.2 billion in property tax rebates for homeowners last year and worked to extend the property tax cap for four more years. He also delivered more state aid to Brentwood and Central Islip schools in order to reduce the property tax burden in those districts.
“Hardworking families should not have to struggle just to get by,” said Ramos. “I will continue fighting to ensure our state is an affordable place to live.”