At an annual gathering in Puerto Rico for New York’s political class, former foes of Zohran Mamdani put aside their differences and tried to get information about his inner circle. Source: New York Times
Posts published in “Taxation”
Mamdani Wants to Tax the Rich. Can He Persuade State Leaders?
After an impressive victory, Mayor-elect Zohran Mamdani now must find funds for his programs. His push for higher taxes puts Gov. Kathy Hochul, who faces a re-election fight, in a tough spot. Source: New York Times
Mamdani was elected with a thinner résumé than his predecessors as mayor.
The mayor-elect’s rivals focused on his inexperience during the campaign. Voters appeared to put more weight on his vision. Source: New York Times
Cannabis Taxes Fund First Wave of Grants to Community Groups in New York
State officials awarded $5 million in grants to 50 nonprofit organizations that provide services to young people in areas that were targeted for marijuana arrests. Source: New York Times
Strip Club Executives Bribed Tax Auditor With Lap Dances, Charges Say
Five executives of RCI Hospitality Holdings, which owns clubs across the country, were charged in the scheme. The company avoided $8 million in New York taxes, prosecutors say. Source: New York Times
The Wealth Tax Plan That’s Roiling New York and French Politics
Endorsed by Zohran Mamdani and criticized by business leaders, the idea involves hitting millionaires with a stiff levy. Source: New York Times
Jim Florio, New Jersey Governor Undone by Tax Hike, Dies at 85
A Democrat, he had successes on gun control, the environment and property-tax relief, but after raising income and sales taxes, he lost a bid for re-election. Source: New York Times
Supreme Court Won’t Hear Case on Limit to State and Local Tax Deductions
New York and three other states had argued that the so-called SALT cap imposed as part of a sweeping tax law in 2017 infringed on their sovereignty. Source: New York Times
Finally, the State Has a Budget Deal
The agreement would allow judges to impose bail in more cases, give the biggest subsidy ever to an N.F.L. team and add billions for child care. Source: New York Times
Is a Gas Tax Holiday on the Agenda in Albany?
Giving drivers a break from gas taxes is good politics. But leaders debate whether it’s good policy. Source: New York Times
New York Weighs a Gas Tax Holiday, a Popular ‘Bad Idea’
With deadlock on many major issues, a proposal to provide relief to motorists has picked up steam. Source: New York Times
Kathy Hochul Unveils Record $216 Billion Budget Plan for NY
Gov. Kathy Hochul unveiled a record-setting new budget plan, as state officials project balanced budgets through 2027, with none of the typical warnings of billion-dollar shortfalls. Source: New York Times
Kathy Hochul Gives Her First State of the State Speech
Gov. Kathy Hochul pledged $10 billion to boost the state’s decimated health care work force, proposed a new transit line, and directed funds to combat gun violence. Source: New York Times
Will Murphy Turn to the Center After Barely Winning Re-Election in N.J.?
The Democratic governor won re-election in a surprisingly close race that has raised questions about his ability to enact liberal measures on gun control and abortion. Source: New York Times
Top Trump Executive Allen Weisselberg Surrenders to Face Charges
The Trump Organization and Mr. Weisselberg have been indicted in connection with a tax investigation and are expected to appear in court later Thursday. Source: New York Times
