New York Democrats are urging Governor Kathy Hochul to intervene and prevent a proposed 72% tax rate on the state’s first full-scale casino in New York City, arguing the burden could cripple the project before it even opens. Critics claim the tax hike—nearly triple the standard rate—would stifle investment and jobs in the entertainment sector, while supporters argue it’s necessary to fund education and infrastructure. The debate highlights tensions between economic growth and public revenue needs as the casino industry prepares to expand in the state. Lawmakers and business groups are now pressuring Hochul to reconsider the policy before final approval.
Dems push Hochul to block staggering 72% tax rate slapped on NYC’s first full casino New York Post
