NY Lawmakers Split on Hochul Tax Rebate Plan, Push Tax Hikes (1)

New York lawmakers are divided on a proposal by Gov. Kathy Hochul (D) to send households checks for as much as $500 and are calling for income tax increases as the state faces fiscal uncertainty.

While the Assembly backed Hochul’s measure in the budget resolution it released late Monday, the Senate wants the rebates to be limited to senior taxpayers, ages 63 or older. Both chambers also called to raise income taxes on high earners and large companies.

Hochul first proposed the one-time rebates in December as a response to rising costs and the 2024 election, in which Republicans leveraged ...