I've done the opposite in terms of trying to put more money back in people's pockets. The inflation rebate is part of that Strategy. 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. (02:01–02:10)
CLAIM
Asserts that the middle-class tax cut is the largest rate cut in 70 years, returning $5,000 to families.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
