New York Continues to Move Tax Rates in Wrong Direction

New York Continues to Move Tax Rates in Wrong Direction
New York Gov. Andrew Cuomo speaks in New York City on Oct. 12, 2020. Carlo Allegri/Reuters
Andrew Wilford
Updated:
Commentary

If, as the saying goes, the definition of insanity is doing the same thing over and over again and expecting different results, then mark New York’s state government down as insane. Wholly unwilling to learn from the past results of their tax and spend policies, the Empire State is doubling down by proposing to raise the top marginal tax rate in the state to the highest level in the country.

Andrew Wilford
Andrew Wilford
Author
Andrew Wilford is a policy analyst with the National Taxpayers Union Foundation, a nonprofit dedicated to tax policy research and education at all levels of government.
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