Castricone Proposes a NY Veterans Payroll Tax Exemption to Promote Veteran Employment

Tuxedo-NY Assembly Candidate Dan Castricone this week released his plan to encourage employers to hire military veterans.

“Veterans returning from service to their country face brutal economic conditions in New York,” said Castricone. “The least we can do for them is help them climb the rungs of the economic ladder by giving employers an incentive to put our deserving men and women on a path to prosperity.”

Castricone’s plan would return to employers a tax rebate on their state employment taxes for each new military veteran they hire. His plan would also forgive increases in unemployment taxes for new veteran hires. “The plan would be self funding,” said Castricone, “because the costs of the program would be offset by income tax revenue from expanded payrolls.”

“Unlike the plan the Governor just signed with such fanfare, my plan actually does something,” said Castricone, noting that the bill signed by Cuomo provides “little more than a portal on an obscure government website with links to other government agencies.”

“This is not a budget buster,” said Castricone. “It is easily done, will help boost hiring in an otherwise moribund economy, and provide our veterans with help many so desperately need. It is one of the ways we can forge a long term partnership between large and small businesses. Employers of veterans get the expertise, experience and maturity that veterans offer, without the risk associated with expanding the payroll. It’s a win win.”

-30-

Comments

  1. […] Castricone Proposes a NY Veterans Payroll Tax Exemption to Promote Veteran …Rockland County TimesCastricone's plan would return to employers a tax rebate on their state employment taxes for each new military veteran they hire. His plan would also forgive increases in unemployment taxes for new veteran hires. “The plan would be self funding,” said … […]

  2. […] Castricone Proposes a NY Veterans Payroll Tax Exemption to Promote Veteran … “The least we can do for them is help them climb the rungs of the economic ladder by giving employers an incentive to put our deserving men and women on a path to prosperity.” Castricone's plan would return to employers a tax rebate on their state … Read more on Rockland County Times […]