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Mayor Zohran Mamdani says the wealthy and corporations should shoulder the costs of the $7 billion budget gap, while Gov. Kathy Hochul rejects raising taxes. CBS News New York's Aziza Shuler reports.
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There won't be a back-to-school sales tax holiday in New Jersey in 2024 after lawmakers repealed the popular tax break.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.
The Buffalo Sabres beat the New Jersey Devils 2-1 on Wednesday night in the NHL's return to action.
Harvey Weinstein has hired Luigi Mangione's and Sean "Diddy" Combs' lawyers to represent him at his third New York rape trial.
CC Sabathia's No. 52 will be retired on Sept. 26 by the New York Yankees.
A Jewish congregation in Brooklyn is fighting to save their historic house of worship.
The MTA is accusing the federal government of withholding nearly $60 million for Phase 2 of the Second Avenue subway.
Harvey Weinstein has hired Luigi Mangione's and Sean "Diddy" Combs' lawyers to represent him at his third New York rape trial.
A Jewish congregation in Brooklyn is fighting to save their historic house of worship.
The MTA is accusing the federal government of withholding nearly $60 million for Phase 2 of the Second Avenue subway.
Harlem's Lafayette Theatre is believed to be the first major New York City theater to desegregate, just a year after its opening.
More than 500,000 New Yorkers live in housing provided by NYCHA. It's the largest public housing authority in the nation, and a landlord consistently deemed one of the worst by the public advocate.
Another round of snow is impacting the Tri-State Area Wednesday, just after a major blizzard dumped more than 2 feet of snow in some parts of New York and New Jersey.
Pet owners should be extra cautious with their pets during and after the major winter snowstorm impacting the New York and New Jersey area.
Double-digit snow totals have been reported across New York, New Jersey and Connecticut as a major blizzard begins to wind down.
The storm has started to wrap up in New York City, New Jersey and beyond, with impressive snow totals left in its wake.
A blizzard warning has been issued for New York City and the surrounding area as a major snowstorm develops along the coast.
New Jersey is facing a lawsuit over a recent directive limiting immigration operations in state-controlled buildings.
New Jersey Gov. Mikie Sherrill commended the state's response to the major blizzard, but she said they aren't out of the woods yet.
Another round of snow is impacting the Tri-State Area Wednesday, just after a major blizzard dumped more than 2 feet of snow in some parts of New York and New Jersey.
The Long Island Rail Road, NJ Transit and other commuter rails are running Tuesday but with modified schedules after a major snowstorm hit the Tri-State Area.
NJ Transit will be back in action on Monday afternoon, with limited service beginning to ramp up after 4 p.m.
Dozens of people were displaced and three suffered minor injuries after a fire at a West Babylon, Long Island apartment complex.
Long Island grandfather's Seth Bykofsky's #1 fight since January has been to keep his custom license plate, which reads "PB4WEGO."
Another round of snow is impacting the Tri-State Area Wednesday, just after a major blizzard dumped more than 2 feet of snow in some parts of New York and New Jersey.
The Long Island Rail Road, NJ Transit and other commuter rails are running Tuesday but with modified schedules after a major snowstorm hit the Tri-State Area.
Pet owners should be extra cautious with their pets during and after the major winter snowstorm impacting the New York and New Jersey area.
More than 500,000 New Yorkers live in housing provided by NYCHA. It's the largest public housing authority in the nation, and a landlord consistently deemed one of the worst by the public advocate.
New York City Mayor Zohran Mamdani declined Wednesday to say whether he agreed with NYPD Commissioner Jessica Tisch on whether or not people who hurled snowballs at police officers in Washington Square Park Monday should face charges.
New York City Council Speaker Julie Menin and Councilmember Yusef Salaam introduced a series of bills aimed at combating hate crimes Wednesday.
Minnesota congresswoman Ilhan Omar and President Trump had multiple tense exchanges during Tuesday night's State of the Union, as the Democratic lawmaker accused him of lying about fraud in the state and "killing Americans" with his immigration policies.
President Trump defended his first year back in office in his 2026 State of the Union address, touting his record on immigration, the economy, tariffs and more.
For the first time in 30 years, the Food and Drug Administration has approved a new treatment for an inoperable type of pancreatic cancer.
NYSNA has reached a tentative contract agreement with NewYork-Presbyterian, signaling a potential end to the longest nurses strike in New York City history.
NYSNA ratified contracts with Montefiore and Mount Sinai, clearing the way for nurses to return to work Saturday after walking off one month ago.
The longest and largest nurses strike in New York City history is set to end after over three weeks as NYSNA says it has a tentative agreement.
Mount Sinai Health System and Anthem Blue Cross Blue Shield failed to reach a contract agreement by Dec. 31, which means about 9,000 physicians are no longer considered in-network.
Harvey Weinstein has hired Luigi Mangione's and Sean "Diddy" Combs' lawyers to represent him at his third New York rape trial.
Harlem's Lafayette Theatre is believed to be the first major New York City theater to desegregate, just a year after its opening.
Nick Reiner, 32, was charged with two counts of murder in the killing of his parents, Rob Reiner and Michele Singer Reiner.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
The Buffalo Sabres beat the New Jersey Devils 2-1 on Wednesday night in the NHL's return to action.
CC Sabathia's No. 52 will be retired on Sept. 26 by the New York Yankees.
The Cavaliers pulled away in the second half for a 109-94 victory over the Knicks on Tuesday night.
The Mavericks beat the Nets 123-114 on Tuesday night after both teams arrived in New York earlier in the day.
Karl-Anthony Towns had 28 points and 11 rebounds for his NBA-leading 39th double-double and the Knicks outlasted the sliding Bulls 105-99 on Sunday night.
A Jewish congregation in Brooklyn is fighting to save their historic house of worship.
Harlem's Lafayette Theatre is believed to be the first major New York City theater to desegregate, just a year after its opening.
Multiple rezonings in Queens are paving the way for tens of thousands of new units, but some residents worry about how it could affect their communities.
Residents and skate advocates clash over a proposed Mount Prospect Park skate facility, as city officials promise an updated design this spring.
A Brooklyn community is fighting to turn a forgotten landmark into a heritage center.
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.
"Ulysses" is now on stage at the Public Theater on Lafayette Street in New York City.
New York City Mayor Zohran Mamdani responded Wednesday to President Trump's jab at the city's emergency snow shovelers program during the State of the Union.
President Trump touched on a wide range of topics in his State of the Union address, but there is one moment from Tuesday night's speech that the president is weighing in on. Erica Brown reports.
It's been nearly one month since Nassau County Police Officer Patricia Espinosa was killed by an alleged drunk driver. Wednesday, hundreds of pizzerias across Long Island came together to support her grieving family. CBS News New York's John Dias reports.
The Port Authority will be testing self-driving shuttles at Newark Liberty International Airport this spring.
