Invest in Our New York

While millions can’t make rent or put food on the table the wealthiest have grown $87.7 billion richer during the pandemic. Tell Governor Cuomo, "New York can't wait—pass the INVEST IN OUR NEW YORK ACT, now!"

The Invest In Our New York Act:

1# Progressive Income Tax
2# Capital Gains Tax
3# Heirs’ Tax
4# Billionaires’ Tax
5# Corporate Tax
6# Wall Street Tax

Progressive Income Tax

Bill# S2622, A4604: Creates an equitable tax system where New Yorkers pay a higher rate if they earn significantly more money.

Assemblymember Meeks,
Senator Jackson,
Raises 15 billion.

Capital Gains Tax

Bill# S2522, A03352: Taxes income from investments like stocks the same as wages.

Assemblymember Kim,
Senator Rivera,
Raises: $7 billion.

Heirs’ Tax

Bill# S3462, A04643: A progressive tax on large sums of inherited wealth.
Not affected: family houses up to $2 million, money from pensions or retirement funds, and family farms.

Assemblymember Solages,
Senators Brisport, Sanders,
Raises: $8 billion.

Billionaires’ Tax

Bill# S04482, A05092 AKA Mark to Market Tax: Billionaires’ tax and a Constitutional amendment to allow an additional tax on wealth.

Assemblymember De La Rosa,
Senators Ramos, Jackson
Raises: $23 billion in the first year, $1.3 billion per year thereafter.

Corporate Tax

Bill# S2833, A04595: A bill to repeal the Trump tax cuts, by restoring taxes on the profit a corporation makes each year.

Assemblymember Kelles,
Senator Hoylman,
Raises: $9 billion.

Wall Street Tax

Bill# S3980, A5215: AKA Financial Transaction Tax. Places small taxes on trades of stocks, bonds, and derivatives – a sales tax like you and I pay for coffee and other goods. Unlike other major financial centers like London and Hong Kong, New York currently doesn’t place any tax on financial transactions.

Assemblymember Niou,
Senator Salazar,
Raises: $9 billion.

The Invest In Our New York Act:

Progressive Income Tax
Bill# S2622, A4604
Capital Gains Tax
Bill# S2522, A03352
Heirs’ Tax
Bill# S3462, A04643
Billionaires’ Tax
Bill# S04482, A05092
Corporate Tax
Bill# S2833, A04595
Wall Street Tax
Bill# S3980, A5215

The Invest In Our New York Act:

Progressive Income Tax
Bill# S2622, A4604
Capital Gains Tax
Bill# S2522, A03352
Heirs’ Tax
Bill# S3462, A04643
Billionaires’ Tax
Bill# S04482, A05092
Corporate Tax
Bill# S2833, A04595
Wall Street Tax
Bill# S3980, A5215

New York State faces a deficit of ~$60B over the next 4 years.
Our 2021 wins raised enough revenue to stop new budget cuts. Now we need to win billions more in order to counter the last decade of tax cuts on the rich and austerity measures on the budget.

We must continue the fight to raise revenue and fund our future. We must pass new measures including the Heirs Tax, Capital Gains Tax and Wall Street Tax.

Invest In Our New York Campaign - Steering Committee

The Invest in Our New York Act raises $50 billion so we can take care of each other and rebuild our economy by ending tax breaks for the wealthiest New Yorkers.

Invest In Our New York Campaign - Coalition Members

African Communities Together
African Services Committee
Bowen Public Affairs Consulting, Inc.
Campaign for New York Health
Center for Community Alternatives
Chinese-American Planning Council (CPC)