06 Apr Will the Last High Earner to Leave New York Please Turn Out the Lights
Posted at 11:44h
in Voluntary Exchange Sources
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 ans…
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