New Year rings in lower taxes for New Yorkers

New York Gov. Andrew Cuomo is planning to mix optimism into his first State of the State address along with plans to overhaul state government.

January 1, 2012 9:02:57 AM PST
In New York, the new year will ring in lower taxes.

On his website, Governor Andrew Cuomo launched a clock counting down to January 1, when new tax cuts take effect.

The governor says middle class New Yorkers will be paying the lowest tax rates in 58 years.