Back on Jan. 19, Governor Cuomo presented an Executive Budget calling for a temporary $1.5 billion personal income tax increase targeted at New York’s highest earners.
The left-leaning Democratic supermajorities in the state Assembly and Senate countered with proposals for an eye-popping array of $7 billion in tax hikes, mostly targeted at high earners.
The only question left was how far the once-domineering, now politically damaged governor would go to make a deal.
We now know the answer: pretty far.
Read the full piece here.
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