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“#State tax hikes will trigger NYC exodus” Gov. Andrew Cuomo and the Legislature’s tentative deal to hike state taxes by more than $4 billion amid the dig-out from coronavirus pandemic is unnecessary and will trigger an exodus from New York City, mayoral candidate Ray McGuire said Monday. “If we needed to raise taxes to balance…
“#All New York will pay a steep price for the state’s massive tax hikes” Looks like the radicals in the Legislature have won. And New Yorkers will pay a steep price — in the form of massive tax hits, a subpar economy and shakier government finances long term. Lawmakers are set to ram through…
“#NYC budget likely to tax big businesses, top earners by billions” New York lawmakers are closing in on a state budget deal that will likely increase taxes on top earners and big businesses by billions of dollars, sources told The Post. Legislators and Gov. Andrew Cuomo over the weekend ironed out the final terms of…
“#Dem governors plead with Biden for tax relief via return of SALT deduction” Blue-state governors are getting SALT-y with President Joe Biden. Gov. Cuomo has signed on with six other Democratic governors to beg Biden for an end to the state and local tax deduction cap that has been in place since 2017 — and…
“#How taxes made margarine pink, ships sink, and more odd results” On Wednesday, President Biden announced his $2 trillion infrastructure package, and part of the plan includes raising taxes on corporations and “high earners.” It’s just the latest example of a government struggling to calibrate taxes so that they land fairly on the most well-off…
“#Albany creates $10 million fund to repel Asian-American assaults” Gov. Andrew Cuomo and state lawmakers have agreed to create a $10 million fund in the state budget to combat discrimination against Asian-Americans in the wake of recent brutal assaults against their community, sources told The Post. Under the deal, $10 million in grants will be…
“#55 firms paid no federal income tax last year, report finds” Dozens of America’s biggest companies paid no federal income taxes last year thanks to a range of tax breaks — including some brand-new ones, a new report says. The 55 corporations avoided a total of $8.5 billion in taxes on more than $40 billion…
“#Biden’s ‘jobs plan’ is a horrific con job” “It’s not a plan that tinkers around the edges,” President Joe Biden said Wednesday in Pittsburgh of his $2 trillion “American Jobs Plan.” No freaking kidding: It’s half of his master plan to utterly remake the nation in the name of recovery from the pandemic. America is…
“#Biden’s insane new spend-fest is a recipe for national disaster” Three. Trillion. Dollars. Maybe four: That’s how much President Joe Biden wants for his next installment of Let’s Remake America. Think of it as pumping gasoline by the shipload onto a wildfire. Fresh off signing a $1.9 trillion bill for “COVID relief” (that has little…
“#Albany’s race to pay off friends — while shunning everyday New Yorkers” State lawmakers are racing to cram as much cash for their allies into next year’s budget as they can by Wednesday’s deadline — without a care in the world for the needs of everyday New Yorkers. Legislative leaders are now finalizing a deal…