NY budget will likely hike taxes on state’s top earners to highest in the country

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New York lawmakers are closing in on a state budget deal that will likely increase taxes on top earners and big businesses by billions of dollars — a move which would make wealthy New Yorkers fork over the highest taxes in the country, sources told The Post.

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Legislators and Gov. Andrew Cuomo over the weekend ironed out the final terms of the Empire State’s mammoth $200 billion spending proposal — including a so-called “millionaire’s tax” — but broke on Sunday for the Easter holiday.

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They were expected to reconvene in Albany on Monday — in person or remotely — to wrap up talks and possibly vote on the budget, which is already past due.

nypost.com/2021/04/04/nyc-budget-likely-to-tax-big-businesses-top-earners-by-billions/

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