New York budget passes with increased tax rates on highest earners
user-generated· macro
New York budget passes with increased tax rates on highest earners
Market overview
Governor Hochul's tax plan to raise rates on incomes over $1M and increase corporate taxes will pass the state legislature by June 15, 2026, despite opposition from progressives. Revenue from these measures will exceed $3B annually, covering the projected deficit.
macro prediction market
- Implied probability (Yes)
- 75%
Source: user-generated
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