Cuomo says tax hike 'on the table' despite billions in COVID relief for New YorkMarch 10, 2021
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Gov. Andrew Cuomo is refusing to rule out the possibility of a tax hike in New York, even though the state is poised to receive a financial windfall from President Biden's coronavirus stimulus bill.
“Tax increases are on the table…because you have damage to repair,” Cuomo told reporters during a press call on Sunday, according to the New York Post. It's unclear who the tax hikes would affect.
The House passed the American Rescue Plan on Wednesday, which includes $350 billion in funding for state and local governments, and sent the $1.9 trillion measure to Biden's desk for his signature, which is expected Friday.
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New York will get about $23.5 billion from the relief bill, which Democrats are passing without any Republican support. Senate Majority Leader Chuck Schumer, D-N.Y., said the state government will get about $12.7 billion, while New York City will receive an estimated $6.1 billion. The state's counties will get about $3.9 billion, while $825 million will go to small cities, towns and villages in the state.