Gov. Kathy Hochul is promising not to raise income taxes on New Yorkers next year – saying she doesn’t want more businesses to flee the state.
The Democrat, who infuriated the lefty wing of her party by refusing to raise income taxes in this year’s state budget, said Friday she wants to keep holding the line in 2025.
“I’m not raising income taxes,” Hochul told a room full of bigwigs at the Business Council of New York State’s annual meeting at the swanky Sagamore Resort in Lake George.
“I want you to stay here and I want you to grow. I want you to be successful,” she said. “That is my promise to all of you.”
Single New Yorkers currently making between roughly $14,000 to $215,000 have their income taxed at 5.5-6%. The state’s highest earners …