Highlights of New York state Senate's one-house budget proposal

NY lawmakers back Mamdani push to tax the rich, setting up clash with Hochul

The Senate and Assembly included a bevy of tax hikes in their one-house budget plans, setting up a clash with Gov. Hochul.

Tax hikes for wealthy, tax cuts for others revealed in new NY plans

Senate and Assembly budget proposals tax the rich

The New York State Legislature proposed tax increases on corporations and the wealthy to fund housing, education, and cheaper utility bills, setting the stage for negotiations with Governor Kathy Hochul to finalize the New York State Budget.

NYS Senate, Assembly Democrats propose tax increase on wealthiest earners, corporations

The New York State legislature revealed their One House Budget proposals on Tuesday, setting up negotiations with Governor Kathy Hochul leading up to the April

State Legislature Backs Tax Hikes on Wealthy, Adding Fuel to…

State lawmakers gave their stamp of approval to many of the tax increases pushed by New York City Mayor Zohran Mamdani, adding fuel to his campaign to pressure Governor Kathy Hochul into approving the revenue-raisers. In their budget proposals released Monday night, the state Senate and Assembly both included tax increases for high earners and corporations. The income tax hikes are smaller than what Mamdani is seeking, while the business tax inc…

Democrats propose tax hikes for New Yorkers who earn at least $5 million

Democrats in both chambers are also proposing a tax increase for businesses with incomes of at least $5 million each year.