Overall, it's $5,000 back in families pockets with a middle class tax cut, the largest rate cut we've seen in 70 years. But the inflation rebate comes from one source we saw last fall. Our collections and sales tax were up $3 billion. Why? Because new Yorkers paid more for everything because of inflation. Price of a product goes up, the sales tax goes up. What I said was, this doesn't belong to us, it belongs to New Yorkers. (02:14–02:18)
CLAIM
Asserts that New York's collections and sales tax increased by $3 billion.
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