Assembly speaker to push for permanent tax increase on millionaires

Assembly Speaker Carl Heastie opened the year saying his conference would push to make permanent an extension of a surcharge on New Yorkers making a million dollars or more, which passed into law in 2011. That tax plan also included cutting the state income tax rates for those earning between $20,000 and $200,000. State income tax rates with the higher surcharge on millionaires is set to expire in 2017. More on this story can be found here.