Though steps have been made to help New York’s middle class, Governor Andrew Cuomo called out the Biden administration for not fully repealing the SALT deduction limits passed under the Trump administration.
Governor Cuomo stated that two big changes were made to the budget, the first of which was lowering the income taxes of middle-class New Yorkers. Under this new bill in the New York state budget, the income tax rates dropped from 6.09% to 5.97% for those filing jointly in the $43,000-$161550 income bracket, and for individuals in the $21,400-$80,650 income bracket.
