Marc Molinaro, the Republican candidate for governor, released a plan Friday to scrap the higher income tax on millionaires and slash taxes on retirees, estates and utilities.

“We can no longer continue to treat the symptoms of a government that taxes and spends with little regard for taxpayers and little concern about outcomes,” Molinaro said.

The 8.82 percent income tax rate on the rich, which takes in $4.5 billion, expires at the end of 2019.

Molinaro proposed returning it to 6.85 percent.

The millionaires’ tax was imposed during the recession in 2009 when David Paterson was governor and revised slightly lower under Gov. Andrew Cuomo.

Molinaro pointed out that the top 1 percent of wage earners account for 40 percent of the revenue and he said he doesn’t want to send them packing up.

“Maintaining uncompetitive tax rates makes it more likely that high-income earners who are already facing the loss of SALT deductions will leave our state, taking their tax dollars with them,” he said, referring to the new $10,000 cap on state and local tax deductions imposed by the feds.

To keep retirees from fleeing, Molinaro suggested doubling the exemption on pension income from $20,000 to $40,000 for singles and from $40,000 to $80,000 for married couples.

It has not been increased since 1981.

“It will help seniors who want to stay in New York during their retirement by providing them with roughly $275 million in annual savings, when fully implemented [over three years],” he said.

The Dutchess County executive also called for reducing and eventually eliminating the estate tax so that it’s in line with federal rates, saving New York taxpayers $310 million.

His plan would eliminate the 2 percent gross receipts tax on utilities that are passed along to ratepayers, another $210 million saving.

Elsewhere, Molinaro suggested indexing income tax brackets to inflation to prevent “bracket creep.” He also called for increasing the child tax credit and tax breaks for low-income workers.

Molinaro would make permanent the 2 percent cap on increasing the property tax approved by Cuomo and the Legislature in 2011 and extend it to New York City, which is currently exempt.

But it wasn’t all cuts for Molinaro.

He recommended broadening the sales tax to cover online sales and eliminating the sales tax exemption on clothing sales of $110 and under.

How would he pay for the tax breaks?

Molinaro proposed a 3 percent cap on state spending and a state takeover of Medicaid costs to help local governments control property taxes.

He also vowed to slash New York’s $4 billion in economic development spending as “inefficient, and ineffective,” adding that “approximately $2.4 billion in tax breaks should be first on the chopping block.”

Cuomo campaign spokeswoman Lis Smith responded, “Trump mini me Marc Molinaro is taking a page from Trump’s playbook- cutting taxes on the rich and passing the buck to working and middle class families. We know he’s anti-lgbt, anti-choice, and anti-gun safety, now we can add anti-middle class to the list of ways he’s trying to bring Donald Trump’s values to new York.”