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Poll says New Yorkers want to increase taxes on rich

Jan 05, 2024 12:55 am

Molly Burke reports in the Times Union that a majority of New Yorkers want increased taxes on profitable corporations and the top five percent of earners, according to a new Siena College poll. The poll shows that 67 percent of surveyed residents support tax increases, including 81 percent of Democrats, 59 percent of independents, and 46 percent of Republicans. New York is faced with budget deficits this year, and the poll says 71 percent of New Yorkers would prefer an increase in taxes on profitable corporations and high-income earners rather than cut state services and programs. But the survey also found that 60 percent of New Yorkers say they believe that raising taxes on the rich could result in “billionaire flight.” Don Levy, director of the Siena College Research Institute, said, “What’s really phenomenally interesting in this survey — I think you have to kind of wrestle with it a little bit yourself — is that even amongst people who hold that view, a majority say we need to raise taxes.... So I hope the governor takes a serious look and includes it in her and her team’s analysis moving forward.” Read more about this story in the Times Union.