Hochul and Blakeman Present Competing Tax Relief Plans Ahead of Election
With just over a month until Election Day, New York Governor Kathy Hochul and Republican challenger Nassau County Executive Bruce Blakeman are actively campaigning on their respective tax relief proposals. Blakeman is advocating for what he describes as the largest income tax cut in New York's history, proposing a restructuring of state spending, including reallocating funds from immigrant and refugee assistance. His plan suggests that joint filers earning $100,000 would pay no state income tax, saving them $4,000 annually. Governor Hochul, on the other hand, is highlighting her administration's record of delivering tax relief alongside the state Legislature. She points to initiatives such as $1,000 rebates for families with children under four, a billion dollars in energy rebates, and middle-class and property tax rebates. Hochul also emphasized that there have been no increases in income or corporate taxes during her tenure as governor, despite facing pressure from progressive groups to raise taxes on th...
