Cuomo Throws "Cold Water" on Increased Wealth Tax Proposals

New York is facing a $15 billion budget deficit, the largest in its history.

Lawmakers and Governor Andrew Cuomo stand divided, however, on how to make up this revenue shortfall.

Cuomo during his State of the State Address pointed to the federal government for failing to provide resources in the fight against COVID-19 and said it is up to Congress then to provide the aid.

“Washington passed the buck without passing the bucks,” Cuomo said. “And again in December, Congress failed this nation when it failed to pass state and local financing during their last legislative session.”

Read more: https://nystateofpolitics.com/state-of-politics/new-york/politics/2021/01/11/cuomo-throws--cold-water--on-increased-wealth-tax-proposals
(Spectrum News)