Cuomo seeks tax cut for more than 1 million small businesses

ALBANY, N.Y. (AP) — New York Gov. Andrew Cuomo is proposing nearly $300 million in small business tax cuts as one of his top priorities in 2016.
The Democratic governor’s plan calls for a two-pronged tax reduction that would impact more than 1 million businesses across the state.
The current corporate income tax rate for small businesses would be reduced from 6.5 to 4 percent, with the size of the cut dependent on the company’s net income. The cut would give small businesses a