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Will New York lawmakers increase taxes on capital gains? Here's the latest

New York State Team ALBANY - Democratic lawmakers are pressing New York leaders to raise as much as $7 billion a year by raising taxes on investment sales. As the home to Wall Street, New York could see a windfall if it boosts taxes on capital gains as the state grapples with a $15 billion budget gap over the next two years, supporters said. Progressive Democrats are seeking a whole suite of tax increases on the rich to raise new revenue for the state amid the COVID-19 pandemic to stave off cuts in aid for schools and services. “Billionaires and millionaires in our state have become wealthier during this pandemic while working-class New Yorkers are struggling to make ends meet, said Sen. Gustavo Rivera, D-Bronx, who introduced the bill Tuesday.

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New York Gov. Andrew Cuomo delivers budget address

The Democratic governor delivered his annual budget proposal from the Red Room of the state Capitol to a virtual audience.

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New York tops 40,000 COVID-19 deaths, the first state to do so: report

New York this week became the first state in the nation to have more than 40,000 deaths due to COVID-19, according to John Hopkins University.

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NY surpasses 1 million confirmed COVID cases since March

ALBANY – New York has exceeded 1 million total confirmed COVID-19 cases since the start of the pandemic, with the state surpassing the unwanted milestone Friday as the slow, steady climb in infections statewide continued. A total of 15,074 coronavirus tests processed Friday came back positive, pushing New York s total to 1,005,785 since March, Gov. Andrew Cuomo s office reported Saturday. The state s total includes only those cases confirmed positive by a diagnostic or rapid COVID-19 test. The actual number of coronavirus infections is likely much higher: Thousands of people have carried the virus but were never tested, either because they never showed symptoms or they were infected in the early days of the pandemic when tests were not as widely available.

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COVID-19: NY investigates ParCare for fraudulently obtaining vaccines

Rockland/Westchester Journal News A New York health care provider is being probed over accusations that it illegally acquired COVID-19 vaccines and inoculated people against state guidelines.  The State Department of Health received reports that ParCare Community Health Network in Orange County may have fraudulently obtained COVID-19 vaccine, transferred it to facilities in other parts of the state in violation of state guidelines and diverted it to members of the public, according to a statement from state Health Commissioner Dr. Howard Zucker.  The Department of Health and New York State Police are conducting a criminal investigation to determine if ParCare misappropriated the vaccine and violated its distribution plan. 

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