#corporate-taxes

#corporate-taxes

According to the text that has now been adopted, the budget deficit is to be reduced to 5% of gross domestic product. There will be higher taxes on some businesses, including an extra tax on large companies' profits, which is expected to bring in around 7.3 billion ($8.6 billion) in 2026. The plan also boosts military spending by 6.5 billion, a move the premier last week described as the "heart" of the budget.

I asked him and some of his advisers if there were cities that had pulled this off that New York could emulate, places that had managed to meaningfully lower the cost of living. None sprang to mind," the article stated.