NY Senate Budget Chair Blasts $3 Billion in ‘Absurd’ Tax Breaks

New York provides $3 billion in “questionable, arbitrary and downright absurd” tax breaks every year, state Sen. Andrew Gounardes, chair of the Committee on Budget and Revenue, said in a new report.

The Democrat’s criticism comes as state lawmakers promise to crack down on tax incentives with the state facing an uncertain financial future under Washington’s new GOP control. President Donald Trump (R) and lawmakers are working on actions with fiscal implications for the state, from new tariffs to an overhaul of the federal tax code.

Gov. Kathy Hochul (D) unveiled a $252 billion budget plan earlier this ...