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NY Senate to introduce job credit, spending cap
Posted: 01.19.2011 at 5:55 AM
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ALBANY (AP) -- The Republican majority of New York's Senate will introduce bills to provide a tax credit for hiring, a cap on state spending, and another that would require a two-thirds vote of the Legislature before a tax can be raised.

The spending cap would hold state spending to 2 percent of growth a year.

The job bill would provide a tax credit to employers who hire New Yorkers, with a larger credit for hiring the unemployed.

The taxation bill would require a two-thirds vote of the Legislature to increase any taxes instead of a simple majority.

Each bill must be approved in the Senate and by the Democrat-led Assembly before they could go to Gov. Andrew Cuomo's desk for signing into law.

(Copyright ©2011 by The Associated Press. All Rights Reserved.)

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