Rob Astorino's tax plan involves, "He’ll deliver bold reforms to New York’s antiquated tax code and regulatory system, cut spending in real terms and reduce the cost of doing business in New York." (robastorino.com) Alongside that, Astorino plans to "... approve clean and reliable natural gas exploration on day one, so we can lower electric rates," and "rebuild our infrastructure and work with the private sector to form public-private partnerships...attack high property taxes by providing real mandate relief to our local governments." (robastorino.com)
Astorino's tax plan is to essentially cut taxes for businesses and the state. This will help the create job growth and business growth, but it doesn't help the state as a whole. The state has eight tax brackets, topping at 8.2% and he wants to cut it down to only two brackets. Astorino said his tax plan will cost anywhere from $5 billion to $6 billion dollars, but Matt Wing a spokesperson for Cuomo's campaign said it would cost $10 billion and he "has no real plan to pay for it." (Wing)
Astorino plan is extremely costly, possibly too costly for the economy right now. Ten billion dollars for a tax plan to help the economy seems counter productive, especially when the likelihood of success in some areas, such as cutting the bracket and completely removing the estate tax, is so low.
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