NYC Mayor Mamdani calls for tax on rich to fix $12 billion budget deficit
Mayor Zohran Mamdani is calling for a tax hike on New York City's wealthiest residents and corporations to close a $12 billion budget gap.
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Mayor Zohran Mamdani is calling for a tax hike on New York City's wealthiest residents and corporations to close a $12 billion budget gap.
"Tax the rich" seems to have replaced "Auld Lang Syne" as the theme song for 2026. But how to New Yorkers feel about the idea of paying more?
Members of the community protested on Tuesday, saying a $160 increase per year is too much.
Waiters and bartenders are included in a proposed list of jobs that could qualify for a federal tax break on tips, as well as some workers who don't traditionally get gratuities.
Under the One Big Beautiful Bill Act, clean energy tax credits are set to expire earlier than originally planned.
CBS News New York's Cindy Hsu and Mary Clavi speak with Liz Pancotti, the Managing Director of Policy and Advocacy at Groundwork Collaborative to discuss what this bill could mean for Americans.
It looks like a tentative deal has been brokered on Capitol Hill to provide a new SALT cap, increasing the state and local tax deduction from $10,000 to $40,000.
The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
Filing a tax extension is easy. But it's important to know what you're getting into, including what to do if you owe money to the IRS.
Some Americans may be following false claims on social media and missing out on legitimate deductions.
Beijing fires back at Trump's latest tariffs with a matching 34% tax on all U.S. imports and tightened export controls on rare earth elements.
Tax season can bring added exposure to scams and fraud. A mother and daughter in Little Neck, Queens say it happened to them.
Bankrate Tax Analyst Kemberley Washington joins CBS New York to discuss common tax scams.
IRS data shows that the average refund check so far is about $2,200, or $1,000 less than a year earlier. Here's what experts say.
The IRS has adjusted tax brackets and dozens of other provisions for inflation. Here's how that will impact your taxes.
There won't be a back-to-school sales tax holiday in New Jersey in 2024 after lawmakers repealed the popular tax break. CBS News New York's Nick Caloway reports.
Project 2025, a blueprint for the next Republican president, proposes major economic changes that could impact millions of Americans.
The NYPD confirmed it closed some of its foreign outposts amid tax trouble.
Millions of Americans filed their taxes during the last two weeks of this year's tax season. Here's how to find out when you'll get your refund.
If you're one of the millions of taxpayers who delay their taxes, it's easy to get an extension to October 15.
We speak with IRS Commissioner Danny Werfel about his first tax season leading the agency.
People who are waiting until the last minute to file taxes have until 11:59 p.m. on April 15, unless they have been granted an extension.
What are some common mistakes people make when filing their taxes themselves, and how can you lower your bill? We ask an expert to explain.
Nearly half of Americans who are expecting a tax refund this year say they plan to use the money to boost their savings or pay off debt, according to a Bankrate survey. We hear from Senior Industry Analyst Ted Rossman for his advice.
President Joe Biden's proposed 2025 budget outlines a range of tax breaks geared to both individuals and families.
New Jersey officials and union workers will be calling for the Trump Administration to resume federal funding of the Gateway Tunnel Project. Construction stopped Friday after the money for the project ran out.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
The entire Tri-State Area will be under an Extreme Cold Warning as dangerously cold temperatures settle in, along with some snow.
A judge will rule Friday afternoon in the trial of New York police Sgt. Erik Duran, who is accused of killing a man by throwing a cooler at him in the Bronx.
Bishop Ronald Hicks from Illinois will be formally installed as New York's archbishop, marking a new era for the region's Catholics. His installation Mass starts at 2 p.m. Friday.
New Jersey officials and union workers will be calling for the Trump Administration to resume federal funding of the Gateway Tunnel Project. Construction stopped Friday after the money for the project ran out.
The entire Tri-State Area will be under an Extreme Cold Warning as dangerously cold temperatures settle in, along with some snow.
A judge will rule Friday afternoon in the trial of New York police Sgt. Erik Duran, who is accused of killing a man by throwing a cooler at him in the Bronx.
Bishop Ronald Hicks from Illinois will be formally installed as New York's archbishop, marking a new era for the region's Catholics. His installation Mass starts at 2 p.m. Friday.
This comes after M.S. 447 Principal Arin Rusch previously declined a parent's request to invite Sami Steigmann to speak to students.
Parts of New York and Connecticut could see snow Friday into Saturday. A First Alert Weather Day is in effect for the weekend due to dangerously cold temperatures.
Bundle up — New York City and the Tri-State Area's stretch of dangerously cold weather continues, and it's sticking around longer than anyone would like.
New York, New Jersey and Connecticut were pivotal during America's birth. This year, as the nation celebrates its 250th birthday, CBS News New York is highlighting the hidden history in our own back yard.
Forecasters are watching for a chance of snow this weekend in New York and New Jersey as harsh winter weather conditions continue.
The First Alert Weather Team is tracking a storm that could bring snow to the New York and New Jersey area. Frigid temperatures will last throughout the week.
New Jersey officials and union workers will be calling for the Trump Administration to resume federal funding of the Gateway Tunnel Project. Construction stopped Friday after the money for the project ran out.
The entire Tri-State Area will be under an Extreme Cold Warning as dangerously cold temperatures settle in, along with some snow.
After a portion of the Keansburg Fishing Pier crashed into the Raritan Bay, there's now concern at other marinas and piers that are being hit by ice chunks.
Construction workers leaving the Hudson Tunnel worksite in New York City had no idea if or when they would return.
Camden firefighter Howard Bennett died after falling into the icy Delaware River Thursday.
The entire Tri-State Area will be under an Extreme Cold Warning as dangerously cold temperatures settle in, along with some snow.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
The Patchogue-Medford School District said in a letter that the Suffolk County Department of Health alerted them about an infectious person in the school community.
Parts of New York and Connecticut could see snow Friday into Saturday. A First Alert Weather Day is in effect for the weekend due to dangerously cold temperatures.
More than 300 kilos of cocaine were seized in Nassau County in one of the largest drug busts ever on Long Island, officials said Tuesday.
New Jersey officials and union workers will be calling for the Trump Administration to resume federal funding of the Gateway Tunnel Project. Construction stopped Friday after the money for the project ran out.
The footage is included in a video that promotes false claims that the 2020 presidential election was rigged against Mr. Trump.
The Trump administration launched its new TrumpRx direct-to-consumer prescription drug listing site late Thursday, part of a push to offer medication at steep discounts.
Construction workers leaving the Hudson Tunnel worksite in New York City had no idea if or when they would return.
New York City Mayor Zohran Mamdani has picked Phylisa Wisdom to lead the city's Office to Combat Antisemitism.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
The goal is to get patients drunk and high at a new research lab on the border of Nassau County and Queens.
The Patchogue-Medford School District said in a letter that the Suffolk County Department of Health alerted them about an infectious person in the school community.
Day 25 of the New York City nurses strike saw protests, arrests and some progress in the negotiations.
In New Jersey, nearly half a million people lost enhanced Affordable Care Act tax credits this year, but the impact goes far beyond those who got the credits.
Two-for-one tickets are returning for New York City's Off-Broadway Week.
The sheriff says the note was sent to a local Arizona news station, which agreed not to report on it, following the disappearance of "Today" show co-host Savannah Guthrie's mother, Nancy Guthrie.
Chuck Negron, a founding member of Three Dog Night whose lead vocals powered a string of hits for one of the top rock acts of the late 1960s and early '70s has died. He was 83.
Popular singer-songwriter Noah Kahan will be bringing his tour to New York City this summer. "The Great Divide" tour will stop at Citi Field on July 18.
Bad Bunny used his Grammy acceptance speech on Sunday to denounce U.S. Immigration and Customs Enforcement and call for the end of the ongoing immigration crackdown.
The New York Knicks are acquiring guard Jose Alvarado from the New Orleans Pelicans, according to a person with knowledge of the trade deal.
The New York Islanders went into the Olympic break with a 3-1 win over the New Jersey Devils on Thursday night.
Jalen Suggs had his first career triple-double, leading the Orlando Magic to a 118-98 victory over the Brooklyn Nets.
The Hurricanes topped the Rangers 2-0 on Thursday night to extend their points streak to 10 games.
The Knicks outlasted the Nuggets 134-127 in two overtimes Wednesday night for their eighth straight victory.
Brooklyn's Green-Wood Cemetery is set to become the first on the East Coast to offer human composting.
Dozens of middle school girls celebrated National Girls and Women in Sports Day at the Brooklyn Basketball Training Center on Wednesday.
A group of senior dancers aged 70 and up shine on stage at the Korean Community Services' center in Queens. They practice in Flushing twice a week and perform at events citywide.
A flooded manhole has turned a loading dock into an ice rink in Queens.
Jamaica Colosseum Mall is set to close for good on Jan. 31.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Dogs got decked out for the annual Tompkins Square Halloween Dog Parade in New York City's East Village on Saturday.
Cosplayers flooded New York City's Javits Center in October 2024 for the annual New York Comic Con convention.
Luigi Mangione, accused of murdering United Healthcare CEO Brian Thompson, is expected to appear in court for the state case.
Right now, Analilia Mejia has a very slim lead over Tom Malinowski. The winner of this race will face Republican candidate Joe Hathaway to fill the seat vacated by New Jersey Gov. Mikie Sherrill.
Authorities are still trying to identify a possible suspect, or suspects, and motive as the search for Nancy Guthrie stretches into a sixth day.
A judge will determine on Friday afternoon if a New York police sergeant accused of killing a man with a cooler is guilty.
The money for the critical Gateway Project is set to run out after the Trump administration pulled federal funding. Reports said Trump will restore funding if Penn Station and Washington's Dulles Airport are named after him. CBS News New York's Elijah Westbrook reports.
