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New York Now
Democrats who control the state legislature took another step toward raising tax rates for wealthy New Yorkers Monday, with each chamber presenting its own proposal for this year’s state budget valued at more than $192 billion.
Gov. Andrew Cuomo, meanwhile, appeared to suggest at a public appearance Monday that Democrats should tread carefully with new taxes on the rich, fearing they could backfire.
“How you raise revenue can actually raise revenue, or can cost you revenue,” Cuomo said. “If you’re not careful the way you do it, you may actually lose money for the state because businesses and residents will make changes.” ....

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