New York State Is Set to Raise Taxes on Those Earning Over $1 Million
The deal, a sign of Gov. Andrew Cuomo’s weakened influence, would mean wealthy New York City residents would pay the highest combined local tax rate in the nation.
New York’s economic downturn has led state leaders to agree to new taxes on the wealthy.Credit.Jonah Markowitz for The New York Times
April 5, 2021Updated 3:07 p.m. ET
Gov. Andrew M. Cuomo and New York State legislative leaders were nearing a budget agreement on Monday that would make New York City’s millionaires pay the highest local tax rate in the nation, a stark result of the pandemic’s economic fallout.
Do the Rich Support the Tax the Rich Campaign?
newyorker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from newyorker.com Daily Mail and Mail on Sunday newspapers.
Local Law 97 Workaround Dead in New York State Budget Talks
therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
NYS Ethics Commission With Powers To Investigate Cuomo Has A Troubled History
wamc.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wamc.org Daily Mail and Mail on Sunday newspapers.
Cuomo, legislature Dems negotiating budget which raises taxes, extends aid to undocumented immigrants
WWNY Cuomo, legislature Dems negotiating budget which raises taxes, extends aid to undocumented immigrants By Scott Atkinson | March 31, 2021 at 5:44 PM EDT - Updated March 31 at 9:16 PM
ALBANY, N.Y. (WWNY) - Faced with a Thursday deadline to deliver an on-time state budget, Governor Cuomo and Democratic leaders of the state legislature are negotiating a spending plan which will raise taxes on New Yorkâs wealthiest, while offering aid to undocumented immigrants.
With Democrats controlling both the state Assembly and Senate, a tax increase is a foregone conclusion. The question is: how much.