Issue Position: Cutting Taxes for Middle Class Families and Small Businesses
Upstate New York families are struggling from escalating property taxes; Kirsten Gillibrand understands the problem and is committed to doing everything possible on the federal level to lower the tax burden for hardworking, middle-class families.
She has sponsored a bill that will allow all homeowners to deduct their property taxes, even taxpayers that do not itemize their tax filings. In addition, she is strongly opposed to unfunded mandates, like No Child Left Behind, which places an unmanageable strain on county and school budgets.
In her first year in Congress, Congresswoman Gillibrand introduced two bills that will decrease the taxes for taxpayers with children: one bill will double the Child and Dependent Care Tax Credit (DCTC) and the other will provide a tax deduction for college tuition up to $10,000.
Cutting taxes for small businesses is critical for creating new jobs in our communities. Congresswoman Gillibrand sponsored legislation that will provide a tax cut to employers who hire disabled veterans and another that will make it easier for small businesses to deduct capital expenses so that their business can grow and create more jobs.
Finally, Kirsten believes that the Alternative Minimum Tax (AMT) must be eliminated or permanently fixed so that small business owners and the middle class do not have to pay additional money in taxes.