At a press conference today, Mayor Bloomberg was asked his opinion about reports that Governor Cuomo is planning to make new tax brackets for rich people. Although the plan is far from finalized , Bloomberg tentatively shared some thoughts about taxes (before his press secretary intervened). “I think you have to look at everything, but fundamentally you cannot tax your ways out of problems,” Bloomberg told reporters, according to City Room . “You’ve got to get your expenses under control and build the economic base so that if you have tax revenue increases they should come from expanded — an expanded economy, as opposed to expanded — to tax rates.” [ more › ]

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Bloomberg Not Too Thrilled About Cuomo Raising Rich Folks’ Taxes