A group of Assembly Democrats and progressive activists see an opportunity for New York in the wake of the new federal tax law. Congress gave big tax breaks to corporations and wealthy individuals, and now some on the left say the state can raise rates and close loopholes without making anyones total taxes higher than they would have been. But since deductions for state and local taxes were capped by the federal law, others are worried that high-income earners are already considering leaving the state. Assemblyman Sean Ryan of Buffalo and Ron Deutsch of the Fiscal Policy Institute join us to talk more about the proposals, and what it would take to pass them.
Progressives pitch fair share revenue
By Capital Tonight Staff | February 5, 2018 @8:26 PM