Spectrum News 1
Hochul has opposed increasing the personal income tax, the main driver of revenue for New York. Democratic lawmakers want to raise tax rates on people who earn $5 million and more a year and even higher rates on those who earn more than $25 million annually.
Supporters want tax increases to boost programs like child care for New York families. Opponents of tax hikes, including Republican lawmakers, have argued another tax rate hike after one two years ago will hurt the state's economy.
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