New York State Insider: New York State Conservative Party: Despite Infusion of Washington’s Cash; Democrats in NYS Plan Nearly $7 Billion in New Taxes on New Yorkers.

 

For Immediate Release: March 15, 2021

 Despite Infusion of Washington’s Cash; Democrats in NYS Plan Nearly $7 Billion in New Taxes on New Yorkers - Statement by Chairman Gerard Kassar.

 

Brooklyn, NY -- The Democrat controlled New York State Legislature, despite the infusion of fresh federal aid to NY ($12.6 B directly to state coffers) is poised to pass one-house bills that include a massive tax increase on businessmen and the wealthy; a 22.6% increase in spending over last year; 10.5% more than Governor Cuomo’s proposal.

 

Increasing the taxes on businesses and the wealthy will only further the exodus that has steadily increased over the past 10 years. New York state cannot afford any additional losses.  This impractical plan will end up costing every New Yorker. Spending is the problem. If these Bills are enacted, the Democratic-controlled Legislature is shouting that New York is closed for business and encouraging New Yorkers to move to a state where they have better control over the money they earn.