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Rep. Dan Maffei Proposes Economic Plan Focusing on Small Businesses

News Article

Location: Washington, DC

By Mark Weiner

U.S. Rep. Dan Maffei today marked his first 100 days in office by unveiling a five-point plan to boost Central New York's economy, create jobs and help small business grow.

Maffei, D-DeWitt, said his 18-page economic blueprint focuses more on policy than legislation, based on feedback from more than 150 local business owners and economic development leaders.

The plan identifies five key areas to improve the economy: investment in small business, partnerships, education and workforce development, improving infrastructure and transportation, and emphasizing the region's competitive advantage.

One of the proposals would provide small business owners with a rebate on payroll taxes for each new employee they hire for up to one year.

Maffei said he would give new small businesses a one-year holiday from having to file "non-essential government paperwork," but he has not yet identified specific exemptions.

Under his plan, any new small business would be eligible for start-up business savings accounts modeled after federal Roth IRAs.

The congressman said his economic proposals are designed to help the middle-class grow over the long term, based on what he heard from local business leaders.

"I have tried to reach out to the constituents and listened to their ideas very, very seriously," Maffei said this morning at a meeting of the editorial board of and The Post-Standard.

He said his proposals are broad-based starting points."They are not exhaustive by any means," Maffei said. "They are designed to start a conversation rather than finish it."

Maffei will be joined by business leaders at 1 p.m. today at the Central New York Philanthropy Center and Community Foundation in Syracuse to discuss details of his plan.

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