Long Island Republicans are opposing increasing MTA taxes on big businesses.
Under a state budget proposal announced by Gov. Kathy Hochul, Long Island companies with payrolls of $10 million may experience a 0.29% increase to the taxes they pay to the MTA. Companies with payrolls under that number will experience a decrease in their tax obligations, with the smallest companies, like those with payrolls under $1.75 million, possibly experiencing a 50% decrease. All numbers are only proposals until the budget passes.
