Faso-Collins Language to Cut New York Property Taxes Included in Senate Health Bill Draft - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
July 2, 2017 Newswires
Share
Share
Post
Email

Faso-Collins Language to Cut New York Property Taxes Included in Senate Health Bill Draft

Targeted News Service (Press Releases)

WASHINGTON, June 22 -- Rep. John Faso, R-N.Y., issued the following news release:

Congressmen John Faso (R-Kinderhook) and Chris Collins (R-Clarence) today expressed satisfaction upon learning that the language based on Faso's Property Tax Reduction Act (PTRA), which was inserted by Collins as part of the House's American Health Care Act (AHCA), was also included in the Senate's draft healthcare legislation released on Thursday.

"For decades, Albany's Medicaid mandate and resulting property taxes have burdened New Yorkers unlike in any other state. What we've got to show for this scheme is people fleeing our state in droves, businesses relocating, and crushing and often unpayable bills for those who stay behind," said Rep. Faso. He added, "The language in the Senate bill will fulfill the objective of the Property Tax Reduction Act, and give New Yorkers some long overdue property tax relief. Governor Cuomo's false and hysterical charges about this provision are unfortunate. Rather than false claims, Mr. Cuomo should start preparing to reform his Medicaid program and finally take full responsibility for the program, as governors in the other states are already doing", continued Faso.

Representative Chris Collins added, "This is important and welcome news for New Yorkers that the Senate leaders have recognized the burdens placed upon taxpayers for far too long and included our amendment to force Albany to end its unfunded mandate on New York's counties once and for all. We are on track to ending the Obamacare nightmare and I am pleased with the progress made today to bring vital reforms and the largest property tax reduction ever enacted to Western New York."

Faso's Property Tax Reduction Act amends federal law to require New York State to take over the county portion of Medicaid by 2020. Federal law now permits states to share some of their costs with local governments, but only New York State among the 50 states has imposed this level of burden on property taxpayers, prompting Faso to campaign on this issue in 2016.

Representative Tom Reed (NY-23) also expressed his support for the language, "I am glad to see that Senate leadership recognized the importance of this amendment. Albany cannot be allowed to force its share of Medicaid onto the backs of County taxpayers. Residents are fleeing the state because we have some of the highest property taxes in the country. Relief for hardworking New Yorkers is long overdue. I would like to thank both Congressman Faso and Collins for their work to make this tax cut a reality."

Read more about the Property Tax Reduction Act:

* Fact Sheet: Property Tax Reduction Act - https://fasoforms.house.gov/UploadedFiles/MedicaidFactSheet.pdf

* H.R.1871: Bill Text - https://fasoforms.house.gov/UploadedFiles/Medicaid_standalone.pdf

* What Property Tax Reduction Act Supporters are Saying - https://fasoforms.house.gov/UploadedFiles/Medicaid_standalone.pdf

Older

Rep. Lamborn Issues Statement on VETERANS Act

Newer

AECOM, IBM Launch Updated United Nations Disaster Resilience Scorecard

Advisor News

  • I started using AI, but what now?
  • How to support an entrepreneur client with multiple businesses
  • Could a narrower focus help grow your practice?
  • U.S. debt hits $40 trillion: how to support concerned clients
  • Flourish brings private-bank-like cash solution to MassMutual’s network
More Advisor News

Annuity News

  • MassMutual Expands Lending Options With New Secured Credit Line
  • Corebridge Financial Introduces Progressive Trigger, a First-of-Its-Kind Index Annuity Strategy Designed to Turn Missed Years into Future Opportunity
  • Insurer proposes $1.1M deal to resolve CA teachers’ annuity fee lawsuit
  • IMOs get frustrated with slow carrier adoption of faster technology
  • New class-action lawsuit targets Delaware Life over annuity disclosures
More Annuity News

Health/Employee Benefits News

  • It's 5 a.m. at a Princeton Fitness Center – What Do You Say to the Early Arrivals?
  • Your questions answered on Medicare open enrollment
  • Terry Savage: Questions answered on open enrollment
  • New Jersey residents will see Affordable Care Act premiums jump 20% on average for 2027 health insurance
  • Health insurance hits municipal budgets, taxpayers hard
More Health/Employee Benefits News

Life Insurance News

  • Virginia orders Atlantic Coast Life to halt new business Nov. 1
  • AM Best Affirms Credit Ratings of China Taiping Insurance (Singapore) Pte. Ltd.
  • AM Best Upgrades Credit Ratings of Fidelity Life Association, A Legal Reserve Life Insurance Company; Affirms Credit Ratings of Industrial Alliance Insurance and Financial Services Inc. and Its Life/Health Subsidiaries
  • 777 Partners founder pleads guilty to $500 million fraud scheme
  • AM Best Affirms Credit Ratings of Luen Fung Hang Insurance Company Limited
Sponsor
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Benefits Studio Launches to Fill the Missing Middle of Benefits Navigation at $49/mo
  • Lauren Sinnott Named to Ragan’s Top Women in Marketing Awards, Class of 2026 
  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.