Tax Breaks Backed By Trump A Boon To Local Bank

TOWN OF NEWBURGH — In late December, Empire State Bank of the Town of Newburgh became one of the first mid-Hudson businesses to announce it would reward employees and expand its business because of the tax breaks pushed by President Trump.With the corporate tax rate falling to 21 percent from 35 percent, the bank announced a one-time bonus of $500 for each non-executive, full-time employee and $250 for each non-management part-timer.Bank CEO Philip Guarnieri said [...]