New York State Coffers Swell, Riding Covid-19 Recovery

A better-than-projected economic recovery and a massive influx of federal aid have stuffed New York state’s once-bare coffers, a reversal of fortune that is leading some fiscal watchdogs to again question the state’s decision earlier this year to increase income taxes on

Yellen Doesn't Dispel Vagueness Over State-Tax Deduction Cap

WASHINGTON—Treasury Secretary Janet Yellen repeatedly declined to offer a clear administration position on the deduction for state and local taxes during a House hearing, leaving vagueness on an issue that will be the subject of tense negotiations among Democrats considering President Biden’s