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ALBANY-As an alternative to austerity measures, Governor Andrew Cuomo has unveiled a bipartisan tax code overhaul that aims to close a $3.5 billion budget deficit through reducing taxes for middle-class residents and investing in the state’s infrastructure. The measure, supported by Cuomo, Assembly Speaker Sheldon Silver (D-Manhattan) and Senate Majority Leader Dean Skelos (R-Rockville Centre), proposes a $690 million tax reduction for 4.4 million middle class taxpayers and more than $1 billion in accelerated funds for the state’s roads, bridges, open spaces and energy projects.

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