Gillibrand Outlines How To Take Full Advantage Of Middle Class Tax Cuts She Helped Create Broad Range of Tax Cuts Available for New Yorkers to Save on Property Taxes, New Home and Car Purchases, College Tuition
BigNews.Biz - Feb 23,2010 - As New Yorkers get ready to file their tax returns for 2009, U.S. Senator Kirsten Gillibrand is urging New York taxpayers to take full advantage of tax cuts she worked hard to secure. In addition to creating a broad range of tax relief for New Yorkers through the Property Tax Deduction and Child, Tuition and First Time Home-Buyer tax credits, Senator Gillibrand cut taxes for approximately 6.3 million middle class New York families – 93 percent of New Yorkers – through the “Making Work Pay Tax Credit.”
“New Yorkers pay some of the highest taxes in the nation,” Senator Gillibrand said. “After nearly a decade of tax giveaways to big corporations and the wealthiest Americans at the expense of small businesses and everyday New Yorkers, middle class families deserve a break of our own. From easing the burden of property taxes to helping families afford child care, purchase a new home, or send our children to college, I fought hard over the last year to help make life more affordable for New York’s hardworking middle class families.”
According to the Bureau of Labor Statistics Consumer Price Index, over the last 10 years, gas prices on average have more than doubled. Food prices increased an average of 50 percent. College tuition at a four-year public institution rose by over 60 percent, according to the College Board. And health care premiums have doubled, according to the Kaiser Family Foundation.
To help middle class families keep more of what they earn, the American Recovery and Reinvestment Act that Senator Gillibrand helped pass last year included the “Making Work Pay Tax Credit.” Approximately 6.3 million New York families are eligible for the tax credit, cutting taxes for approximately 93 percent of New Yorkers.
READ Senator Gillibrand's county-by-county report on New Yorkers eligible for the Making Work Pay Tax Credit.
* In New York City, approximately 2.7 million are eligible for the Making Work Pay tax cut – cutting taxes for approximately 89 percent of New York City residents.
* In Western New York, approximately 560,000 are eligible for the Making Work Pay tax cut – cutting taxes for approximately 97 percent of Western New York residents.
* In the Rochester/Finger Lakes Region, approximately 450,000 are eligible for the Making Work Pay tax cut – cutting taxes for approximately 95 percent of Rochester/Finger Lakes region residents.
* In Central New York, approximately 425,000 are eligible for the Making Work Pay tax cut – cutting taxes for approximately 96 percent of Central New York residents.
* In the Southern Tier, approximately 210,000 are eligible for the Making Work Pay tax cut – cutting taxes for approximately 96 percent of Southern Tier residents.
* In the Capital Region, approximately 420,000 are eligible for the Making Work Pay tax cut – cutting taxes for approximately 94 percent of Capital Region residents.
* In the North Country, approximately 185,000 are eligible for the Making Work Pay tax cut – cutting taxes for approximately 97 percent of North Country residents.
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