Either the float is stuck and dumping too much fuel into the combustion chamber, or the igniter is no longer working and you have no spark on the cylinder. The easy test is to remove the tank, remove the plugs, ground the electrode to the frame and press the starter. You should see a bright blue spark. Anything less is cause for concern. Beyond that, you will likely need to tear into the carb and see what is going on. Additionally, you should run a compression test on both cylinders. Anything less than 152psi is considered below service.spec.