At a hearing in Albany last week, New York City Mayor Zohran Mamdani lobbied state lawmakers to help him balance the city's finances with a two-percentage-point hike in the city's income tax on people making over $1 mi Read More
Tag: Personal Income Tax
Adding to New York's already high tax burden would be both unnecessary and dangerous for the state's economy, according to a new report from the Empire Center. Titled "Seven Re Read More
Despite the robust growth of state revenues in recent years, many of New York's elected officials are pushing to further increase the tax burden on the state's residents and businesses. Read More
The front-running candidate for New York City mayor, Zohran Mamdani, has said he can finance his costly campaign promises – including free buses and universal child care – by taxing only a sliver of the city's resi Read More
The likely impact of federal health-care cutbacks has diminished in recent days as House Republican leaders backed away from some of their bigger-ticket proposals, reducing the estimated savings to $625 billion from previous figures of $715 billion a Read More
New York’s latest tax collection data indicate New York’s just-passed state budget was based on rosy assumptions about income tax receipts that are not materializing. Read More
Governor Hochul’s executive budget risks accelerating the trend of high-earning New Yorkers fleeing the state. Read More
Presented to the Joint Legislative Fiscal Committees February 16, 2022 Governor Hochul’s budget plan is buoyed by a revenue surge attributable Read More