Press Mention
New York reaches $212 billion budget deal that would raise taxes on high earners
The Washington Time
April 07, 2021
Andrew Rein, the president of the fiscal watchdog group Citizens Budget Commission, told the Daily News that ‘the tax increases simply are unnecessary and economically risky.’
‘Additionally, the tax increases both provide incentive for highly taxed New Yorkers to leave or not return to the state, and increase the cost of doing business here,’ Rein said.
Rein told the New York Post that President Joe Biden’s $1.9 trillion COVID-19 relief package set aside $12.6 billion to bail out the state but lawmakers failed to ‘appropriately leverage the opportunity provided by the infusion of funds.’