In early April, Governor Andrew Cuomo and his fellow Democrats in New York’s legislature agreed to a record $209 billion budget that will raise taxes by billions of dollars a year on the state’s top earners and most profitable corporations—even though higher taxes were no longer needed to make up for pandemic-driven revenue losses.

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About the Author

E.J. McMahon

Edmund J. McMahon is Empire Center's founder and a senior fellow.

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