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New York Governor Calls for Billions in Middle Class Tax Breaks (2)

Jan. 5, 2022, 7:10 PMUpdated: Jan. 5, 2022, 8:26 PM

New York Gov. Kathy Hochul on Wednesday proposed a faster phase-in of $1.2 billion in middle-class tax cuts and more tax relief targeting small businesses to help the state’s pandemic-scarred economy.

In her first State of the State address, Hochul (D) said a gradual reduction of personal income tax rates should be accelerated to fully take effect in 2023.

“That original timeline did not take into account the economic devastation brought on by the pandemic, and the many people who need help now ...