Take Our Money, Please
Paying their fair share?
“Now is the time to invest in the long-term economic viability of New York,” the letter reads. “We need to invest in pathways out of poverty and up the economic ladder for all of our fellow citizens, including strong public education from pre-K to college. And, we need to invest in the fragile bridges, tunnels, waterlines, public buildings, and roads that we all depend on.”Well, as they say, talk is cheap, and so are many of these people...
The letter endorses a plan called the “1 Percent Tax Plan for Tax Fairness,” which would create new, higher income tax brackets for the state’s wealthiest individuals to raise a projected $2 billion.
The left-leaning Fiscal Policy Institute, a think tank focused on economic policy, and the Responsible Wealth project, a group of America’s wealthiest individuals who support “fair taxes and corporate accountability,” helped formulate the proposal
Ron Deutsch, executive director of the Fiscal Policy Institute, called it “refreshing” that the state’s wealthiest were willing to pay more.