The State Capitol in Albany (photo: Michael Appleton/Mayoral Photography Office)
As New York State faces a severe budget shortfall and awaits federal aid, some lawmakers and activists are advocating for a package of legislation that would increase taxes on the state’s wealthiest residents to avoid cuts to services for the most vulnerable. Among those proposals is a bill that would tax inheritances for multi-millionaires and raise as much as $8 billion for the state every year, according to supporters’ calculations.
State Senator Jabari
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