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3:56 Governor Andrew Cuomo is floating the possibility that New York may have to raise taxes to close a pandemic related budget gap. The remarks are encouraging long time advocates of imposing higher taxes on the wealthy. As the months have stretched on with no new federal bailout package that includes help for states coping with COVID-19 related costs, Cuomo has begun to talk about ways to close what he says is a $15 billion budget gap. He says new taxes will be part of that plan. “I believe we are going to have to raise taxes at the end of the day,” the Democrat said on December 9.
Enter your number to get our free mobile app According to reporting by WKBW, NYS Senate Bill S8298B immediately changes the state Public Buildings Law, and the Agriculture and Markets Law. Prohibits the state of New York from selling or displaying symbols of hate or any similar image, or tangible personal property, inscribed with such an image unless the image appears in a book, digital medium, museum or serves an educational or historical purpose; defines term "symbol of hate" to be symbols of white supremacist and neo-Nazi ideology or the Battle Flag of the Confederacy. -Active Summary of NYS Senate Bill S8298B
Hans Pennink / AP Governor Andrew Cuomo is floating the possibility that New York may have to raise taxes to close a pandemic related budget gap. The remarks are encouraging long time advocates of imposing higher taxes on the wealthy. As the months have stretched on with no new federal bailout package that includes help for states coping with COVID-19 related costs, Cuomo has begun to talk about ways to close what he said is a $15 billion dollar budget gap. He said new taxes will be part of that plan. “I believe we are going to have to raise taxes, at the end of the day,” Cuomo said on December 9.
According to Gov. Cuomo, New York, without federal aid, faces a $61 billion multi-year budget deficit as a result of the pandemic. File photo: Office of Gov. Cuomo Dec 16, 2020 — Governor Andrew Cuomo is floating the possibility that New York may have to raise taxes to close a pandemic related budget gap. The remarks are encouraging long time advocates of imposing higher taxes on the wealthy. As the months have stretched on with no new federal bailout package that includes help for states coping with COVID-19 related costs, Cuomo has begun to talk about ways to close what he says is a $15 billion dollar budget gap. He says new taxes will be part of that plan.