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NY legislature proposes nearly $7 billion in new taxes on wealthy
[NYPOST] Both houses of the state legislature have proposed budgets that include nearly $7 billion in new and increased taxes on businesses and the rich.The tax raises come despite a $100 billion avalanche of fresh federal aid to New York, including $12.6 billion directly to state government coffers.

Assembly leaders crowed in a blurb Sunday that state politicians are proposing a $208.3 billion budget for the next fiscal year.

Their plan includes a 22.6 percent increase in spending — or $16.9 billion — over last year. That’s more than 10.5 percent higher than what Gov. Andrew Sonny Cuomo is proposing.

To help cover the new proposed expenses such as rent for "New Yorkers who do not have access to unemployment, federal stimulus funds and other assistance programs’’ — including illegal immigrants colonists — the pols said they want to raise the nearly $7 billion in new revenue through the taxes.




Posted by: Fred 2021-03-15
http://www.rantburg.com/poparticle.php?ID=597078