We're tackling affordability in New York. This is howPete Harckham
Our current affordability crisis touches every single New Yorker, young and old. President Donald Trump’s pledge to bring down prices gave way to his war with Iran, his tariff battles, his slashing of healthcare benefits, his wrong-sided energy policy—all have resulted in higher costs across the board for Americans.
Having to deal with this economic harm and the despair it is causing in meaningful ways is left to the individual states. Here in New York, we rolled up our sleeves and got right to work.
Since taking office in 2019, my colleagues in the Democratic Senate Majority and I have been laser-focused on affordability and helping residents. Our first major accomplishment was cutting the middle-class income tax rate in six of the last eight years, pushing the rate to a 70-year low. This action alone has benefited 8.3 million New Yorkers earning up to $323,000 for joint filers and saved them nearly $1 billion annually. Additionally, we enacted a permanent 2% percent property tax cap.
Our efforts to help save residents and small business owners save money also included property tax exemptions for seniors,........
