After big re-election win, NY Gov. Hochul signals shift on question of tax hikes – New York Daily News

After big re-election win, NY Gov. Hochul signals shift on question of tax hikes  New York Daily News

When asked specifically about the possibility of income tax hikes targeting the wealthiest New Yorkers, Gov. Hochul said she was "willing to do what has to happen" in "extraordinary" circumstances. SAN JUAN, Puerto Rico — Fresh off a decisive re-election victory, Gov. Hochul signaled Friday she could be open to new taxes to fund universal childcare for New York City as she faces increasing pressure from the left to enact more progressive hikes. “I will work hard to manage within our existing resources,” the governor said at a press availability alongside Mayor Mamdani. “But if we need more, we’ll find a path.” And when asked specifically about the possibility of income tax hikes targeting the wealthiest New Yorkers, Hochul said she was “willing to do what has to happen” in “extraordinary” circumstances.

Her comments Friday mark a shift in tone. While Mamdani has pressed a more ambitious “tax the rich” agenda, the governor has previously shut down the idea of an income tax hike. At the same time, Hochul has continued to reiterate the importance of the 2-K program, saying she’ll do “whatever it takes” to expand the program citywide. She hinted on Friday that she plans to formally announce future revenue plans for childcare in January’s State of the State address. “I think you’ll see a very thoughtful approach