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“Big new tax breaks for Wall Street and the very rich don’t make any sense at a time when New York has the worst income inequality in the nation and record-high levels of homelessness and child poverty.
Trickle-down tax cuts for the rich haven’t worked for our state.
It would be smarter to focus on broader prosperity and economic fairness for all of us: investments in education, higher education, infrastructure and public services will pay off now and for decades to come.
The Legislature and Governor Cuomo should reject big new tax breaks for deceased millionaires and billionaires. They should clean up billions in wasteful giveaways before they even consider new layers of corporate welfare.
And they should make sure any new tax proposals reduce income inequality and build economic fairness — we need to make the economy stronger, and broader prosperity is the only way to make that happen. ”
Listen to the Captial Pressroom interview featuring Michael Kink and Ron Deutsch, Executive Director of A Better Choice for NY HERE
“Tax cuts for the rich are a magic bullet for making inequality worse. Governor Cuomo and the Legislature should reject them out of hand.
New York has the worst income inequality in the country — tax cuts for the rich would make it even worse, and hurt efforts to build trust in government.
State government should work for all of us, not just the wealthy and well-connected. Real reform means closing corporate tax loopholes; asking the super-rich to pay a little more; investing in education, infrastructure & job creation; and boosting wages for workers at the bottom — not more tax cuts for the rich.
Pataki’s trial balloon should be popped, right now.”
The proof is in the pudding, check out the excerpt below then give the whole report a read.
“Our state has the worst income inequality in the nation.
Any tax reform proposals should be judged on whether they make inequality worse or better. Judged by that standard, the idea that New York would cut taxes for hugely profitable Wall Street banks and millionaires is just plain bad.
On the other hand, closing corporate tax loopholes and requiring performance from corporations that get economic development subsidies makes good sense.
The Legislature should take the good ideas from this report and reject the bad as it works to reduce income inequality and build economic fairness.”
ON THE COMMISSION
New Yorkers deserve a full-spectrum attack on income inequality: fairer taxes, better wages, more jobs and investments in education and infrastructure to build the future. The failed policies of the past just don’t work — we don’t need more tax cuts for the rich and big corporations, we need direct help for working families and those struggling to make it into the middle class.
As Governor, Pataki took the state tax system from progressive and fair to regressive and unfair, helped create the property tax crisis, and oversaw an explosion in income inequality. If he’s seen the errors of his ways, that’s one thing. If not, it’s like bringing in Godzilla to oversee the rebuilding from a Godzilla attack.
ON MORE TAX CUTS FOR BIG CORPORATIONS
New York has increased corporate tax loopholes by 25% over the past four years, and is now spending an all-time high of $7 billion on corporate subsidies and tax breaks — and we’re only growing low-wage jobs. More of the same just won’t work. We don’t need more tax breaks for big corporations, we need investments in the job creation and our future instead.
A POSITIVE PATH FORWARD
The Commission should focus on closing corporate tax loopholes, helping low-income and middle-class families, and broadening prosperity through fairer and more progressive state and local tax structures. Economic fairness is what New Yorkers need, want and deserve from their government.
On Tuesday, 9/24, the Moreland Commission to Investigate Public Corruption will hold its second public hearing.
Join us to ask the Commission to fully investigate tax breaks to the real estate industry and recommend Fair Elections campaign finance reform.
Doors open at 5:00pm, the hearing begins at 6:00pm. Check out the flyer (9/24 Moreland Hearing) and RSVP HERE!
On Tuesday, 9/17, the Moreland Commission to Investigate Public Corruption will hold its first public hearing.
Join us to ask the Commission to fully investigate NYC’s real estate industry and recommend Fair Elections campaign finance reform.
Doors open at 5:00pm, the hearing begins at 6:00pm. Check out the Flyer (Moreland Hearing) and RSVP HERE.
What if we could heal our communities, block austerity, make the 1% pay their fair share AND reduce stock market volatility, all at the same time? The Robin Hood Tax does all that, and September 17 is a great day to speak out in support of this awesome idea.
Every year, New York spends $7 billion on corporate subsidies in the name of job creation – and over $500 million of it ends up subsidizing big banks.
Our investment in the big banks was supposed to create thousands of good jobs and generate tax revenue desperately needed for our schools and public services.
So, what are we seeing now? Layoffs and broken promises.
On the 2 year anniversary of Occupy Wall Street, the movement that changed our state and our country for the better, voters, public officials, community groups, and policy experts will head back to the Financial District and stand up to the corrupt lawmakers and corporations.
(Albany, NY) Statewide Tax Reform Groups and Activists from across New York State gathered at the State Capital today to urge the Governor and the State Senate to “shed a little sunshine” on the tax reform debates that have left many New Yorkers “out in the cold.”
The NYS Senate (Finance Committee) is holding “Invitation Only” hearings across the state to “Review Existing Tax Policy and Discuss Reform Initiatives” and the Governor’s Tax Reform and Fairness Commission continues to meet in private to determine how to make our tax system ”fair and equitable” for all New Yorkers. The groups suggested that it is time to open up these tax debates and give the public a chance to weigh in.
The groups complained that the tax policy that has been enacted over the past legislative session in Albany has either been misguided or stinks of political pandering. The groups are referring to the $350 Family Rebate checks (going out just before election day to families with incomes up to $300,000 per year – but not to families with incomes below $40,000 per year), the Minimum Wage Tax Credit (that incentivizes firing older workers to hire younger ones), huge tax breaks for big developers in NYC to build luxury units and of course Start-Up NY (which we were told would not cost anything but now realize will cost at least $323 million and growing).