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"They Don't Fear Him Anymore": Progressives Celebrate Budget Victories Over Weakened Cuomo


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Governor Andrew Cuomo at a recent event in the Bronx
Carlo Allegri/AP/Shutterstock
New York’s legislative leaders have finalized a $212 billion budget that will raise income taxes on the wealthy while sending billions of dollars to struggling tenants, schools, small businesses, and undocumented residents impacted by the pandemic.
The last of the ten bills that make up the budget were passed by the State Senate overnight, with the State Assembly expected to finish voting on Wednesday afternoon. The final bills were hailed as a historic victory by progressives, who successfully fought to raise $4.3 billion through additional income and corporate taxes, over the objections of Governor Andrew Cuomo. ....

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Billionaire tax not included in NY Senate Democrats' budget proposal


Billionaire tax not included in NY Senate Democrats’ budget proposal
Updated Mar 17, 2021;
Posted Mar 17, 2021
The Senate Chamber at the New York State Capitol in Albany is seen earlier in March.Hans Pennink | AP Photo
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By Denis Slattery | New York Daily News
Albany, N.Y. The budget proposal approved by Senate Democrats, while packed with revenue-generating taxes on the wealthy, doesn’t include a long-sought tax on high-end second homes or increased levies on billionaires.
Senate Dems shied away from the so-called pied-à-terre tax even though it was included in the Assembly’s one-house fiscal plan as they presented a tax package that could pull in about $8.2 billion over the next year. ....

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