Groups Urge NYS To Adopt Share Our Wealth Tax Proposals

Hudson Mohawk Magazine

Unions, community organizations, not-for-profits and faith-based groups across the State were at the Capitol on Jan. 27 to urge the Governor and Legislature to include fair revenue raisers in the 2025-26 budget to fund the important investments necessary for a thriving and affordable New York. The Share our Wealth Coalition says it is time to make the super-rich pay their fair share in taxes. The groups want to raise $3 billion by increasing New York’s top income tax rates for those earning over $5 million and over $25 million by 0.5% and increase the corporate tax rate by 1.75% (from 7.25% to 9% for the most profitable corporations) and make these changes permanent. Ron Deutsch of New Yorkers for Fiscal Fairness discusses the campaign with Mark Dunlea of Hudson Mohawk Magazine.