Petition: Governor Cuomo, Pass the Act!
The INVEST IN OUR NEW YORK ACT raises $50 billion to rebuild New York's economy by ending tax breaks for the richest New Yorkers
People in New York are hurting. While millions of New Yorkers can’t make rent or put food on the table the wealthiest have grown $77 billion richer during the pandemic. Tell Governor Cuomo, "New York can't wait—pass the INVEST IN OUR NEW YORK ACT, now."
Read More +Our economy will only recover when working people have money. Governor Cuomo must end tax breaks for the wealthy and start investing in our New York:
- Prevent cuts to public programs and invest in high quality education, jobs, housing and healthcare
- Ensure state revenue benefits the most vulnerable communities including essential workers, workers excluded from federal unemployment and low-income New Yorkers [act details below]
The Invest In Our New York Act is a package of 6 bills that end tax breaks for the wealthiest New Yorkers and raises $50 billion to invest in our housing and healthcare, our schools and teachers, our towns and our cities, our workers and our youth
How the Act works
Six State Bills That:
- Tax High Incomes
- Tax Wealth
- Tax the Financial Sector
Progressive Income Tax
Creates an equitable tax system where New Yorkers pay a higher rate if they earn significantly more money.
- Raises: $12-18 billion
Capital Gains Tax
Taxes income from investments like stocks the same as wages.
- Raises: $7 billion
Heirs’ Tax
A progressive tax on large sums of inherited wealth. Inheritance not affected by tax: family houses up to $2 million, money from pensions or retirement funds, and family farms.
- Raises: $8 billion
Billionaires’ Tax
A Billionaires’ tax & a Constitutional amendment to allow an additional tax
on wealth.
- Raises: $23 billion in the first year, $1.3 billion per year thereafter
Wall Street Tax
A small tax on Wall St. financial transactions
- Raises: $12-29 billion
Corporate Tax
A bill to repeal the Trump tax cuts, by
restoring taxes on the profit a corporation makes each year
- Raises: $9 billion
The Invest In Our New York Act:
- Bill #1: Progressive Income Tax
- Bill #2: Capital Gains Tax
- Bill #3: Heirs’ Tax
- Bill #4: Billionaires’ Tax
- Bill #5: Wall Street Tax
- Bill #6: Corporate Tax
The Invest In Our New York Act:
- Bill #1: Progressive Income Tax
- Bill #2: Capital Gains Tax
- Bill #3: Heirs’ Tax
- Bill #4: Billionaires’ Tax
- Bill #5: Wall Street Tax
- Bill #6: Corporate Tax
Invest In Our New York Campaign - Steering Committee
Invest In Our New York Campaign - Coalition Members
- African Communities Together
- African Services Committee
- Bowen Public Affairs Consulting, Inc.
- Campaign for New York Health
- CDPAANYS
- Center for Community Alternatives
- Chinese-American Planning Council (CPC)
- CUFFH
- CUNY School of Labor and Urban Studies
- District Council 37
- Doctors Council SEIU (Service Employees International Union)
- Flatbush Tenant Coalition
- GMHC
- Greater NYC for Change (GNYCfC)
- Hand in Hand: The Domestic Employers Network
- Interfaith Assembly on Homelessness and Housing
- Literacy Assistance Center
- Long Island Activists
- Long Island Progressive Coalition
- Met Council on Housing
- Metro New York Health Care for All
- New Hour for Women & Children lI
- New York Immigration Coalition
- New York Progressive Action Network
- North Forkers for the Common Good
- Northwest Bronx Community & Clergy Coalition
- PEER/NYPAN: Progressive East End Reformers
- RENA (Riverside Edgecombe Neighborhood Association)
- Riders Alliance
- Struggling to Reunite Our New Generation
- Tenants Political Action Committee
- The #HALTsolitary Campaign
- Youth Alliance for Housing (YAH)
- Second Chance Reentry, Inc.
- Teens Take Charge
- Portside
- Tompkins County Progressives
- City-Wide Tenant Union of Roch
- City-Wide Tenant Union of Rochester
- Queens United Independent Progressives
- Resource Generation NYC
- Freelancers Union
- Brandworkers
- Commission on the public’s health system
- Patriotic Millionaires
- Young Long Island for Justice
- Queens Climate Project
- Housing Works, Inc.
- Riverside Edgecombe Neighborhood Association
- Cooper Square Committee
- Fourth Universalist Society
- Buffalo Democratic Socialists of America
- Human.nyc
- Grassroots Action NY
- Neighbors Together
- Carroll Gardens Association (CGA)
- Rockaway Youth Task Force
- CAAAV: Organizing Asian Communities
- Housing Rights Initiative (HRI)
- Professional Staff Congress/CUNY
- Village Independent Democrats
- Inwood Indivisible
- MORE-UFT (Movement of Rank and File Educators of the United Federation of Teachers)
- NYS-UE (New York State United Educators)
- 89th Street Tenants Unidos Association
- DRUM - Desis Rising Up & Moving
- RTU
- Social Service Workers Uprising Now (SSWUN)
- Show Up LI
- Music Workers Alliance
- Indivisible Harlem
- Indivisible Mohawk Valley
- New York Youth Climate Leaders
- Indivisible Nassau County
- Movement for a People's Party
- Rise and Resist
- NYPAN Greene
- Nobody Leaves Mid-Hudson
- PNHP NY Metro
- Manhattan Young Democrats
- Downtown Women for Change
- Concerned Citizens For Change
- New York People's Party
- Street Vendor Project, Urban Justice Center
- Bethlehem Morning Voice Huddle
- Network for a Sustainable Tomorrow
- Persist Brooklyn
- Community Service Society of New York
- Jews for Racial & Economic Justice
- Black Lives Matter Brooklyn
- Staten Island Women Who March
- Indivisible Long Beach
- Network for a Sustainable Tomorrow
- Riders 4 Rights
- Morningside Heights Resistance
- Truth Pharm Inc.
- Bend the Arc: Jewish Action Long Island
- Bend the Arc: Jewish Action Riverdale
- Make the Road NY
- New York Communities for Change
- Strong Economy for All
- NY Working Families Party
- Citizen Action
- DSA-NYC
- Empire Indivisible
- Alliance for Quality Education
- VOCAL-NY
- Housing Justice for All