NYC politics
fromwww.amny.com
3 weeks agoOp-Ed | Revenue from Albany a common sense solution for working New Yorkers | amNewYork
New York City faces a $5.4 billion budget gap due to underbudgeting and state revenue raids.
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#tax-policy #california-budget #budget-deficit #massachusetts #income-tax #new-york-city #budget-gap
fromBoston.com
3 weeks ago'More money in my pocket is a no-brainer': Readers weigh in on proposed income tax cut
A recent analysis from Tufts University's Center for State Policy Analysis estimates it would reduce state tax revenue by roughly $5.1 billion per year - about a 10% overall decline - while saving the median Massachusetts household around $1,250 annually.
Boston
SF politics
fromLos Angeles Times
4 weeks agoEliminating a corporate tax break is pitched as a way to make up for federal healthcare cuts
California lawmakers propose repealing a tax break allowing multinational corporations to exclude foreign subsidiary income from state taxation, potentially generating billions in annual revenue.
NYC politics
fromwww.bloomberg.com
1 month agoMamdani Wants New York Estate Tax Threshold Cut 90% to $750,000
New York City Mayor Zohran Mamdani proposes slashing the state estate tax exemption from $7 million to $750,000 and raising the top rate from 16% to 50% to address a $5.4 billion city budget deficit.
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