Money in Your Pockets: N.Y. Gov. Hochul Proposes Middle-Class Tax Cuts, Inflation Refunds, Child Tax Credits to Make New York More Affordable
January 15, 2025
January 15, 2025
ALBANY, New York, Jan. 15 -- Gov. Kathy Hochul, D-New York, issued the following news release on Jan. 14, 2025:
Governor Kathy Hochul today proposed a middle class tax cut for more than 8.3 New York taxpayers as part of her 2025 State of the State. By cutting rates across five of the State's nine tax brackets, Governor Hochul will bring tax rates down to their lowest level in nearly 70 years. The Governor is also proposing New York's first-ever Inflation Refund and a sweep . . .
Governor Kathy Hochul today proposed a middle class tax cut for more than 8.3 New York taxpayers as part of her 2025 State of the State. By cutting rates across five of the State's nine tax brackets, Governor Hochul will bring tax rates down to their lowest level in nearly 70 years. The Governor is also proposing New York's first-ever Inflation Refund and a sweep . . .