NY Democrats Push Millionaire Tax, Clash with Hochul
New York City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
New York Democratic lawmakers aim to impose tax hikes on millionaires and corporations, setting up a conflict with Governor Kathy Hochul. The Senate Majority Leader confirms a millionaires tax proposal, which could include statewide and NYC-specific increases. New York City Mayor Zohran Mamdani advocates for taxing the rich and profitable companies to address the citys budget shortfall. Despite public support, Governor Hochul remains opposed to broad income tax raises.
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