By: The Associated Press//October 5, 2010
By: The Associated Press//October 5, 2010//
ALBANY — Democratic candidate for governor Andrew Cuomo says the first step to improve the economy is to make Albany fiscally sound and more efficient.
He says he will use his proposed tax cap to control the annual growth of some of the nation’s highest property taxes and use targeted tax breaks for new employers.
Cuomo would then change the state’s traditional economic development program into regional programs throughout the state, coordinated by the lieutenant governor.
Meanwhile, Republican candidate Carl Paladino says he’ll work to repeal the capital gains tax and cut corporate franchise taxes, actions he said will lead to more private sector jobs.
Paladino released his plan Monday to cut taxes that he says are drowning businesses, stifling expansion and dragging out the recession.