A large swath of New Yorkers could benefit from a major tax cut aimed at middle-class workers, but is it too good to be true? Gov. Kathy Hochul pledged a middle-class tax cut that would deliver nearly $1 billion in tax relief to more than 8.

Gov. Kathy Hochul wants to cut state income taxes by $1 billion over the next two years — part of an agenda aimed at combating voters’ economic concerns that helped deliver President-elect Donald Trump’s victory.

Gov. Kathy Hochul proposed cutting income taxes by up to 5% in a State of the State speech focused largely on taming New York's high living costs.