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No Wealth Tax, New York Governor Says: ‘Have Right Balance Now’

Nov. 4, 2021, 3:53 PM

New York Gov. Kathy Hochul said she’s not in favor of taxing the wealthy, and instead is focused on bringing businesses back to the state.

“I believe we have the right balance right now,” Hochul (D) said when asked about taxing the rich during a webinar sponsored by City & State New York and AARP on Thursday. She said she doesn’t want to drive people to Florida. “Those individuals, high-net-worth individuals, allow us to have the revenue generated, as well as their many philanthropic contributions that I need to be able to support the progressive ...