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Editorial: A comfort for the rich
THE ISSUE:Gov. Andrew Cuomo rules out taxing billionaires to solve New York's deficits.THE STAKES:Without federal help, the burden will fall on those less able to shoulder it.More InformationTo comment:When it comes to taxing the very rich, Gov. Andrew Cuomo's logic is essentially this: It won't close the state's massive deficits, so let's not do it.Come again, governor?Isn't every state budget built on an array of revenue — income tax, sales tax, excise tax, a veritable universe of fees? The state already taxes people at all income levels — the working poor, the middle class, the rich, the...…THE ISSUE:Gov. Andrew Cuomo rules out taxing billionaires to solve New York's deficits.THE STAKES:Without federal help, the burden will fall on those less able to shoulder it.More InformationTo comment:When it comes to taxing the very rich, Gov. Andrew Cuomo's logic is essentially this: It won't close the state's massive deficits, so let's not do it.Come again, governor?Isn't every state budget built on an array of revenue — income tax, sales tax, excise tax, a veritable universe of fees? The state already taxes people at all income levels — the working poor, the middle class, the rich, the...WW…
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