New York State is set to raise taxes on those earning over $1 million

For years, Cuomo resisted such a move, arguing that raising taxes, especially on the wealthy, would drive business out of state. But the coronavirus-related revenue shortfalls — combined with the growing strength of the Legislature’s progressive wing and the governor’s waning influence — created sudden momentum.

from International-News-Economic Times https://ift.tt/39KR8sF
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