New York Secretary of State Walter Mosley addressed the affordability crisis affecting residents due to rising housing and utility costs. He highlighted Governor Kathy Hochul's initiatives, notably the proposed middle-class tax break expected to relieve about $1 billion to 8 million residents. This includes potential savings for higher-income joint filers. Additionally, the Inflation Refund program aims to return $3 billion to New Yorkers, addressing high grocery prices. Mosley emphasized these efforts align with the Department of State's economic growth initiatives and consumer protection programs.
If passed into law, the cut would also include savings for joint-filing taxpayers earning up to $323,000 a year.
Hochul's Inflation Refund aims to ease the financial pain of high grocery and other retail prices, giving $3 billion back to tax-paying New Yorkers.
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