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Budget deal criticized by some business leaders

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— Business leaders are giving poor reviews to a tentative state budget that officials in Albany say is focused on economic growth.

The National Federation of Independent Business calls the budget deal a “regressive message to small business owners.” It opposes the minimum-wage increase in the budget.

The Unshackle Upstate business group criticizes the budget for taking too long to phase out a big energy tax.

And the independent Citizens Budget Commission says extending a temporary income tax on millionaires a second time to pay for tax cuts is “shortsighted” and “politically expedient.”

That tax will help pay for rebate checks in an election year.

Still, the commission credits the deal for keeping state spending increases under 2 percent and for paving the way for the third straight on-time budget.

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comments

wmarincic
March 21, 2013
3:10 p.m.

[ Flag Post ]

Only in liberal America and NY is a 2% increase considered a cut in spending.

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