The state Senate majority leader is downplaying the possibility of raising taxes on the wealthy this year amid opposition from Gov. Kathy Hochul.
that the risk of an economic recession was too great “to be raising income taxes this year” despite projected future deficits following the passage of a record-high $220 billion budget last year.
“This is like the preseason of the budget negotiations when the governor puts out the State of the State,” Heastie, whose Democratic supermajority has traditionally pushed harder than the state Senate for tax hikes on the wealthy. The Democratic state Senate supermajority this year leans further left this year following the election of new progressives and democratic socialists alongside reelection defeats and retirements among relatively moderate suburban legislators.
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