Gov. Kathy Hochul (D-NY) is trying to build the trust of working class voters within her state with a tax cut for joint filers earning less than $320,000.
Hochul announced the plan and the rest of her agenda during her State of the State address on Tuesday.
“The dollar doesn’t stretch as far as it used to, which is why Governor Hochul will fight to deliver
significant tax relief to middle class families—helping more workers hold on to more of their hard-won paychecks,” her plan detailed.
ABORTION FOES SEE HOPE IF THEY CAN GET GOP GOVERNORS TO SPEND POLITICAL CAPITAL
The tax cut would be phased in over two years and aims to reduce the taxes of one of the most expensive states for income tax. The Tax Foundation, a nonpartisan tax policy 501(c)(3) nonprofit, ranked New York last on their State Tax Competitiveness index, which measures how well states structure their…
