Ron Deutsch

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The Congressional Budget Office report released Sunday finds that the Senate tax overhaul bill harms the poorest Americans even more than originally thought. 

The CBO finds that Americans making $30,000 or less would be worse off under the Senate tax plan by 2019. Those earning $40,000 or less would be net losers under the plan by 2021. And by 2027, U.S residents who make $75,000 or lower would be worse off under the plan.

governorandrewcuomo / Flickr

A left leaning thank tank is out with its assessment of Gov. Andrew Cuomo’s budget. They say there’s a lot to like and dislike about it.

Ron Deutsch is with Fiscal Policy Institute, a progressive leaning think tank in part funded by the unions. He said Cuomo deserves credit for pushing a phase in for a $15 minimum wage for all low income earners in the state.

“It would be the first in the nation,” Deutsch said. “We think now is the time to get that done.”

Governor Cuomo and legislative leaders have announced a deal to raise taxes on the rich, and slightly lower taxes for the middle class.