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Here's how New York City could save itself from bankruptcy

New York Governor Andrew Cuomo has proposed raising taxes on the wealthy and lowering spending to keep the state's budget in check. Opponents say tax hikes could lead to a wealth exodus from New York City while others argue cutting social services will exasperate existing inequalities. Watch the video above for more on New York's situation and its potential road to recovery.
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Mon, Mar 29 20214:19 PM EDT