“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.”