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March comes, and with it old and new GOP tax cut ideas

By Tom Precious

ALBANY -– With budget talks intensifying, Senate Republicans this morning floated a package of old and new ideas to cut taxes, including restoration of the well-timed delivery of STAR rebate checks to property owners.

The rebate check program, which ended in 2009 during a fiscal crisis and had previously been timed to get into mailboxes just before the November elections, would cost the state about $1.3 billion. It would provide an average rebate of about $445, though the amount upstate would be far less than high-tax areas like Long Island and Westchester County.

The total of the Senate GOP tax cut package, which would also include elimination of a tax on utilities that is passed along to consumers, would be worth an estimated $2 billion. The ideas unveiled Monday would also increase the maximum child tax credit from $330 to $375, as well as hike the credit for dependent care. The dependent exemption in New York would be increased for the first time since 1987 from $1,000 to $2,020 per dependent.

It is uncertain what state programs the Republicans would cut to make up for the lost tax revenues for Albany.

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About Politics Now

Robert J. McCarthy

Robert J. McCarthy

A native of Schenectady, Robert J. McCarthy came to The Buffalo News in 1982 following a six-year stint at the Olean Times Herald. He is a graduate of St. Bonaventure University, and has been covering local, state and national politics since 1992.

rmccarthy@buffnews.com


Tom Precious

Tom Precious

Tom Precious joined The Buffalo News in 1997 as bureau chief at the state Capitol, where he covers everything from statewide politics and state government fiscal affairs to health care, environmental and municipal government matters. Prior to The News, he worked for news outlets in Albany and Washington, DC.

tprecious@buffnews.com


Jill Terreri

Jill Terreri

Jill Terreri is an Amherst native and has covered politics and government in upstate New York since 2003. She joined The Buffalo News in 2012 and covers City Hall.

@jillterreri | jterreri@buffnews.com


Jerry Zremski

Jerry Zremski

Jerry Zremski, The Buffalo News Washington bureau chief, has reported from the nation's capital since 1989 after joining The News as a business reporter in 1984. A graduate of Syracuse University, Zremski is a former Nieman fellow in journalism at Harvard University. In 2007, he served as president of the National Press Club.

@JerryZremski | jzremski@buffnews.com

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