Andrew Cuomo possible presidential campaign, 2016/Taxes

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	Political offices: ; Governor of New York; (Assumed office: 2011); Attorney General of New York; (2007-2010)
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The Cato Institute gave Andrew Cuomo a grade of "B" in 2014 because of "a major tax-cut package he signed into law. The package cut the corporate income tax rate from 7.1 to 6.5 percent, reduced the corporate tax rate on qualified manufacturers from 5.9 percent to zero, ended a separate bank tax system, ended a surcharge on utility customers, increased the estate tax exemption, reduced the property tax burden on manufacturers and provided property tax breaks to homeowners."^[1]

The 2014 tax-cut package also lowered the tax rate on the highest bracket, but it extended a surcharge for individuals making over $200,000 that was supposed to expire.^[2]

The Cato Institute gave Cuomo a grade of "D" in 2012. According to the Cato Institute, "In December 2011, Cuomo signed an increase in the top personal income tax rate, which is expected to raise $1.9 billion annually. A previous 'temporary' hike in the top rate from 6.85 percent to rates of 7.85 percent and 8.97 percent was supposed to expire at the end of 2011. But Cuomo’s legislation will 'temporarily' create a new top rate of 8.82 percent through the end of 2014. Cuomo’s tax plan included some tax breaks, but the overall net tax increase was more than $1.5 billion a year. ...There were no new taxes in the governor’s budget this year, and his spending increases have been about average among the governors. Also to his credit, Cuomo approved pension reforms for public sector workers, which could save state and local governments in New York tens of billions of dollars over coming years."^[3]

In 2011, Cuomo proposed a bill that capped property taxes at 2 percent or the rate of inflation, whichever was less.^[4]

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