{"id":360260,"date":"2026-09-30T00:04:14","date_gmt":"2026-09-30T00:04:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/360260\/"},"modified":"2026-09-30T00:04:14","modified_gmt":"2026-09-30T00:04:14","slug":"blakemans-tax-slashing-plan-restores-hope-for-new-york","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/360260\/","title":{"rendered":"Blakeman&#8217;s tax-slashing plan restores hope for New York"},"content":{"rendered":"<p>As Gov. Kathy Hochul keeps making New York more expensive while pretending otherwise, challenger Bruce Blakeman just rolled out a plan that really would boost affordability.<\/p>\n<p><a href=\"https:\/\/nypost.com\/2026\/09\/29\/us-news\/bruce-blakeman-unveils-plan-to-effectively-wipe-out-ny-income-taxes-for-many-households\/\" rel=\"nofollow noopener\" target=\"_blank\">Blakeman vows to slash<\/a> state taxes by a whopping $35 billion, about $7,000 for an average family of four.<\/p>\n<p>Low-income taxpayers would benefit most: His plan calls for eliminating state income taxes completely for single filers earning less than $50,000 and for married couples below $100,000.<\/p>\n<p>That means the average couple in 45 of the state\u2019s 62 counties would pay absolutely nothing \u2014 zilch. <\/p>\n<p>Bravo!<\/p>\n<p>The GOP wannabe also wants a break for  middle-income earners ($100,00 and $500,000), cutting their top rate from about 6% to 4%.<\/p>\n<p>\t\t\tMore From\t\t\t\t\t\t\tPost Editorial Board<\/p>\n<p>On top of those cuts, Blakeman also promises to \u201cslash utility bills in half\u201d and \u201cdeliver real property tax relief.\u201d<\/p>\n<p>If he can make good on even half of all that, he\u2019d reverse New York\u2019s status as one of the least affordable states in America.<\/p>\n<p>Consider: Under Hochul, <a href=\"https:\/\/nypost.com\/2026\/09\/24\/opinion\/taxes-and-spending-ever-upward-is-kathy-hochuls-motto\/\" rel=\"nofollow noopener\" target=\"_blank\">New Yorkers shoulder the nation\u2019s heaviest tax burden<\/a>.<\/p>\n<p>Yet nearly every year she\u2019s been in office, she raised taxes of one form or another.<\/p>\n<p>Just this year, <a href=\"https:\/\/nypost.com\/2026\/08\/11\/opinion\/cowardly-kathy-hochul-tries-to-disown-her-nyc-pied-a-terre-tax\/\" rel=\"nofollow noopener\" target=\"_blank\">she imposed yet another stiff levy<\/a> \u2014 a pied-\u00e0-terre tax on high-end city apartments.<\/p>\n<p>And her draconian climate agenda <a href=\"https:\/\/nypost.com\/2026\/09\/15\/opinion\/check-out-the-painful-irony-in-kathy-hochuls-200-utility-rebate-con\/\" rel=\"nofollow noopener\" target=\"_blank\">has sent utility bills<\/a> through the roof, yet she remains committed to it.<\/p>\n<p>Her \u201cfight for affordability\u201d is just gimmicks like those $200 \u201crebate\u201d checks that don\u2019t even cover one month\u2019s increase in electric bills on her watch. <\/p>\n<p>True, Blakeman\u2019s plan raises questions, like how he\u2019ll \u201cpay for\u201d the lost revenue.<\/p>\n<p>Luckily, the state budget is ripe for whacking.<\/p>\n<p><a href=\"https:\/\/nypost.com\/2026\/06\/20\/opinion\/hochuls-11-billion-bid-rigging-scandal-is-how-medicaid-works-in-new-york\/\" rel=\"nofollow noopener\" target=\"_blank\">State spending on Medicaid<\/a>, for example, has spiraled out of control, to $40 billion last year, or 27% of Albany\u2019s budget.<\/p>\n<p>When you include local and federal spending, it\u2019s well over $100 billion \u2014 more per resident than in any other state.<\/p>\n<p>State aid for schools, about $37 billion, <a href=\"https:\/\/nypost.com\/2026\/07\/17\/us-news\/ny-spending-more-on-medicaid-than-schools-and-pays-more-per-person-than-anywhere-in-us-report\/\" rel=\"nofollow noopener\" target=\"_blank\">is almost as bad<\/a>. There, too, New York spends the most in America per student.<\/p>\n<p>He can save billions from both those pots.<\/p>\n<p>As of Tuesday, it wasn\u2019t clear if Blakeman also planned to trim New York\u2019s top rates, but that\u2019s vital.<\/p>\n<p>Remember, high earners pay most taxes in New York: Those pulling over $1 million a year cover about 45% of the collective tax bill.<\/p>\n<p>Yet with top combined city and state rates at nearly 15%, they\u2019ve got a strong incentive to flee \u2014 and they\u2019ve been doing just that, taking their tax dollars with them.<\/p>\n<p>Hochul herself has begged the rich to return, yet she continues to pile on new reasons to stay away.<\/p>\n<p>We\u2019re eager to hear more about Blakeman\u2019s plan, but it already offers New York more hope than Kathy Hochul ever dreamed of.<\/p>\n","protected":false},"excerpt":{"rendered":"As Gov. Kathy Hochul keeps making New York more expensive while pretending otherwise, challenger Bruce Blakeman just rolled&hellip;\n","protected":false},"author":2,"featured_media":360261,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[1626,304,19777,426,7050,9,56,63,65,64,299,79763,209,2780],"class_list":["post-360260","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-bruce-blakeman","tag-editorial","tag-government-spending","tag-kathy-hochul","tag-medicaid","tag-new-york","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-opinion","tag-pied-a-terre","tag-public-schools","tag-taxes"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/360260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=360260"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/360260\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/360261"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=360260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=360260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=360260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}