Republican Rob Astorino, the top elected official in mostly Democratic Westchester County, a New York City suburb, said he will run against Governor Andrew Cuomo with a campaign focusing on taxes and corruption.
There was a time when it was a good thing for a politician to bring home the bacon, or in the case of U.S. Senator Thad Cochran of Mississippi, the shrimp. In today’s divided Republican Party, it can get you in hot water.
Almost two dozen states cut taxes last year, most in the belief that lower levies stimulate the economy. Not Minnesota, which raised them on high-wage earners, business sales taxes and cigarettes by $2.1 billion.
New York Mayor Bill de Blasio’s proposal to tax the rich to pay for universal early-childhood education faces obstacles in the state capital in a year when Governor Andrew Cuomo and lawmakers are up for re-election.
Fees that Wall Street charges U.S. cities and states to sell their bonds fell for a fourth straight year in 2013 as dwindling debt issuance intensified competition among banks for underwriting business.