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Nearly Three-Fourths of New York Voters Support Raising Taxes On Millionaires

By Travis Waldron  

"Nearly Three-Fourths of New York Voters Support Raising Taxes On Millionaires"

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According to a new Siena Research poll, 72 percent of New York voters support increasing taxes on millionaires, even after they are told that doing so could make the state less attractive to businesses. Such a tax has support from 83 percent of Democrats, 70 percent of independents, and 55 percent of Republicans, according to Siena spokesperson Steven Greenberg. Democrats in New York’s state Assembly currently are attempting to renew the state’s surtax on millionaires, as it is set to expire at the end of the year. Gov. Andrew Cuomo (D) opposes the surtax because he believes it will make New York less competitive. Cuomo instead supports President Obama’s plan to institute a federal tax on millionaires.

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