Press Mention
Pied-à-terre and billionaire tax not included in N.Y. Senate Dems budget proposal
New York Daily News
March 16, 2021
Some watchdog groups disagree, arguing that the changes put forth by both the Senate and Assembly could cause problems for the cash-strapped state in the future.
“These tax increases are both unnecessary and economically risky,” said Andrew Rein, president of the Citizens Budget Commission, a watchdog group. “The Legislature’s tax proposals present more risk than those proposed by the Governor. They are larger, broader than just the personal income tax, and permanent.”