By: TJVNews.com
Despite the fact that New York State is to be the recipient of $12 billion from the economic stimulus bill that was pushed through by President Biden, it appears that a tax increase may be in store for residents of the Empire State.
On Sunday, embattled Governor Andrew Cuomo said that taxes may head north to offset the financial ruin caused by the dreaded coronavirus over the past year.
In a call with reporters on Sunday, Cuomo said the state needed $15 billion to make up the difference. “Tax increases are on the table … because you have damage to repair,” he said.
Senate majority leader Chuck Schumer was the galvanizing force behind the legislation in the Senate and promised that “help is on the way” for New Yorkers.
“I say to beleaguered New Yorkers, help is on the way. A robust basket of $100 billion is headed New York’s way and will help just about every New Yorker,” Schumer said during a news conference in Manhattan, according to a report in the New York Post.
On Tuesday, the House of Representatives will take up the Senate’s version of the relief bill.
According to Schumer the stimulus bill which is known as the American Rescue Plan will provide help those seeking a Covid vaccine but cannot get one as well as struggling theaters, restaurants, the subway system and people who are suffering from food insecurity and are challenged with threats of eviction from their homes due to the inability to pay their monthly rent or mortgage. He added that the “majority” of state residents will receive a relief check of $1400
“The robust package, the robust basket of aid that we have been able to put together and pass yesterday, will affect just about every aspect of New York life where there has been trouble,” Schumer said, according to the report in the NY Post.
“I have listened to New Yorkers for months. They have told me of their problems. This marks the second biggest stimulus bill in the nation’s history – second to the CARES Act — and it comes just in time, because Americans and New York still need real help to get through this,” Schumer said.
He said state government will get $12.569 billion, New York City will see $6.141 billion, as well as $3.907 billion for the state’s counties, $825 million for small cities, town and villages in the state, and $358 million for the state’s broadband program, as was reported by the Post.
