Today, UFE's Responsible Wealth Project released a letter of over 80 upper-income New Yorkers asking Governor Cuomo and the NY Legislature to renew and expand the State's Millionaires' Tax. As New York State braces for proposed federal budget cuts that would have a devastating impact on health care, education and infrastructure investments across the state, an expanded and permanent millionaires’ tax would bring in nearly $6 billion in annual revenue, or over $2 billion more than the current tax– set to expire in 2017– generates. The full press release can be found here, and information on the 1% Plan for NY Tax Fairness can be found here.

Media Coverage: 

Associated Press

Albany Times-Union

New York Post

Syndicated Coverage