ESCAPE FROM NY! Gov Cuomo Threatens ‘Income Tax Hikes’ Unless State Receives More ‘Federal Aid’ *****OOX2Ln3ZyO
— Sean Hannity (@seanhannity) November 25, 2020
New York Governor Andrew Cuomo faced a growing backlash from angry residents Wednesday after threatening new income tax hikes should the state fail to receive more federal aid to cope with a worsening budget deficit.
“If we don’t get funding from Washington, there will be an income tax increase,” Cuomo said during a radio interview. “The [budget] hole is so big that if we don’t get federal funding, you will have to increase taxes on the higher end, you’ll also have to cut services, you’ll also have to borrow and you’ll probably have to lay off. That’s the scale of this deficit.”
“If we go to the highest income tax bracket in the United States of America, OK, higher than California, which is now the highest – we’re the second highest – higher than California, maybe you make $1.5 billion, maybe you make $2 billion – you’re talking about a hole of $30 billion.”