Cutting Taxes for High Cost-of-Living Areas
Steve understands that rich is relative. He believes that it's unfair for families on Long Island to pay higher property taxes, energy and housing costs, and yet still get taxed at the same rate as families in other parts of the country whose cost of living is half as much as ours.
That's why Steve is working pass legislation that would take the regional cost of living into account when determining a family or individual's federal income tax. Under this plan, many Long Islanders would move into a lower tax bracket and get a tax cut.