New York is raising taxes for millionaires. Will other states follow?

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The New York state Senate and Assembly passed a $212 billion budget proposal which will raise taxes on the wealthiest New Yorkers and corporations generating more than $4 billion in revenue. The plan also includes more relief for those hit hardest by the coronavirus pandemic such as renters, small businesses, and undocumented immigrants. Withers’ Edward Renn was featured in an article published by CNBC.com providing guidance and strategic insight for New York’s highest earners. The full article is available to read here: https://www.cnbc.com/2021/04/08/new-york-is-raising-taxes-for-millionaires-will-other-states-follow.html.