Because while President Obama works to make America's taxes fairer, New York's tax code is anything but. Over the last 30 years, the rich have seen their state taxes cut in half. Today, nurses and firefighters pay the same state tax rate as Wall Street tycoons.
It's more than unfair--with the state facing a $14 billion budget gap, it's just madness.
By asking the wealthy to pay their fair share in taxes, we could help balance the budget in a “balanced” way and prevent billions in cuts to classrooms, hospitals, and the elderly and disabled that Gov. Paterson has proposed.
Over the last 30 years, New York has cut its top income tax rate more than 50%, the majority of which went the wealthiest New Yorkers who needed tax relief the least. In the 2008 - 09 budget year, those cuts will cost the state nearly $20 billion in revenue - money we could use to keep hospitals open and schools thriving in tough times (Source: Fiscal Policy Institute).
There's a better way. The Working Families Party and our allies in the Fair Share Tax Reform coalition are fighting to modestly raise income taxes on those who can most afford it to help offset some of the Governor's most painful cuts.
Polls show it's a popular idea, especially once people realize how regressive New York's taxes have become. In the meantime, please vote on where YOU think the top tax rate should begin & we'll send the answers to Albany. Cast Your Vote HERE.
Live your values. Love your country.
And, remember: TOGETHER, We can make a DIFFERENCE!