Silver: ’Millionaire’s Tax’ Will Be Back

Assembly Speaker Sheldon Silver laments that New York State government did not include the 'millionaire's tax' in the recently-passed budget, saying that doing so could have saved teaching jobs. Gov. Andrew Cuomo responds that school districts should avoid cutting teachers by using rainy day funds to get them through to a budget increase next year. 'News flash,' says Cuomo. 'It's raining.'