New Yorkers Sharing in the Solution

New Yorkers Sharing in the Solution

Quill and ParchmentThe State of New York is facing a budget deficit of over $10 billion in FY 2011.  To date, the response of Governor Cuomo and legislative leaders has been to propose deep and harmful cuts to the State budget.

Responsible Wealth, together with our New York partners, the Fiscal Policy Institute and New Yorkers for Fiscal Fairness and others, believe that New York's leaders need to implement a balanced approach of trimming costs and raising revenues.  Such an approach must include the least painful solution to the budget crisis: extending the top tax brackets on upper-income New York State taxpayers passed in 2009, which currently raise over $5 billion per year.

If you are an upper-income New York taxpayer (over $200,000 household income), please sign on to the letter below TODAY.  We need your voice!

To sign this letter offline, please contact Mike Lapham at 617-423-2148 x112 or [email protected].

The letter:

Dear Governor Cuomo and Legislative Leaders,

We are upper-income New Yorkers who treasure the quality of life in our state.

We believe that the deep cuts to education, health care and other vital services will significantly hurt New York. We are calling for a balanced solution that includes extending the income tax surcharges enacted in 2009 on upper-income New Yorkers like ourselves, which currently raises nearly $5 billion per year.

In the spirit of shared sacrifice, we believe that we should continue to pay the modest increase in personal income tax for individuals earning over $200,000 and families earning over $300,000 (with an additional bracket starting at $500,000 for both families and individuals).

We and our wealthy peers have benefited from substantial cuts in the top New York State tax rates over the past 30 years, and are continuing to benefit from the extension of the Bush tax cuts. Now is not the time for another tax break for us.

As New Yorkers who are well off at a time of economic hardship for so many, we can afford to continue to pay our taxes at the current level (including the surcharge); our state needs this revenue for schools, health care and essential services. Our state’s long-term economic prosperity depends on strong investments in our people and our communities.

Everyone should do their share to help New York through this budget crisis. We urge you to continue the “Millionaires Tax” and ensure that we keep doing our part to support our state.

[Sign on by completing the form below.]

The form below is for New York State residents to sign on to the letter. In submitting this form, you authorize the Responsible Wealth project list your name publicly* as a supporter of this campaign.

* Public listing of signatories will include name, title, business or organization (if provided) for identification purposes only, and city and state.

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