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Cuomo opens door to renewing millionaires' tax
Politico: ALBANY — In a rhetorical shift, Gov. Andrew Cuomo said he’s open to renewing New York’s “millionaires' tax” before it expires next year — if the state needs the money the tax is currently bringing in.
Cuomo, a Democrat, stopped short of saying he would renew the surcharge, which affects individuals reporting more than $1 million in income. But after months of putting off the conversation about taxes — except to brag, in speeches, that he has lowered income taxes during his first six years in office — the governor’s comments indicate flexibility going into budget talks.
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