New York Democrats and Governor Andrew Cuomo have approved to give up to $15,600 to illegal immigrants who lost work during the pandemic.
JUST IN: New York to offer one-time payments of up to $15,600 to illegal immigrants who lost work during the pandemic – NYT
— Breaking911 (@Breaking911) April 8, 2021
The State of New York recently approved a $2.1 billion fund in the state’s budget – the largest in the US – for illegal immigrants and will offer them a one time payment of up to $15,600 if they lost work during the pandemic. New York leaders didn’t set aside massive funds to help rebuild the businesses that have fallen apart and instead have decided to give taxpayer money to people who are in the country illegally.
New York will offer one-time payments of up to $15,600 to undocumented immigrants who lost work during the pandemic. The effort — a $2.1 billion fund in the state budget — is by far the biggest of its kind in the U.S. https://t.co/NT8NZy3V9r
— The New York Times (@nytimes) April 8, 2021
The new bill is also raising taxes, from the New York Post:
Individuals earning more than $1 million a year and couples earning more than $2 million would see their personal income tax rate rise from 8.82 percent to 9.65 percent.
Two new brackets would also tax income over $5 million at 10.3 percent and income over $25 million at 10.9 percent, with all provisions to remain in effect until 2027.
The corporate franchise tax would also rise from 6.5 percent to 7.25 percent until 2024, but only for businesses with more than $5 million in annual income.
“This is not a tax increase on the vast, vast majority of New Yorkers,” State Senate Finance Committee chairwoman Liz Krueger (D) said. “It’s a relatively small, approximately 50,000 taxpayers who are on the wealthiest end of the scale, even during a pandemic and economic meltdown.”
The bill is not sitting well with two Democratic mayoral candidates, Andrew Yang and former Citigroup executive Ray McGuire who are afraid the tax hikes are going to cause corporations to leave New York City for red states.
April 8, 2021
ARTICLE SOURCE: newsthud.com