New York gets a lot of grief for being a high-tax state.
Especially from Republican voters.
But Governor Kathy Hochul, weeks after winning a full-term, is pushing back on a campaign to raise taxes on the ultra-wealthy.
The campaign itself is called “Invest in Our New York,” and has seen support from progressive lawmakers and advocates. The goal is to push a major tax increase on the ultra-wealthy, to fund a number of essential services and improvements.
It’s not an unusual campaign or tact from those progressive circles.
The state increased taxes on the ultra-wealthy in 2021. Critics say there’s simply too much taxation happening, and more will just drive them out of New York.
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