Invest In Our New York Campaign urges legislators and Gov. Hochul to plan for impending federal funding cuts to critical state programs and services
In response to the Senate and Assembly one-house budget proposals that include modest tax increases on the ultra-wealthy and highly-profitable corporations, Invest in Our New York Campaign Director Carolyn Martinez-Class released the following statement:
“The Senate and Assembly one-house budget proposals indicate that legislators understand the need for a more affordable New York. Key investments such as the Working Families Tax Credit, the Housing Access Voucher Program, and the Baby Bucks Allowance will provide essential support to working-class New Yorkers. Importantly, their shared proposal to raise taxes on millionaires and profitable corporations will help sustain these critical programs. Governor Hochul must finally come to the table and agree to enact policies that ensure the ultra-wealthy contribute their fair share.
“While these tax increases on millionaires represent necessary first steps, we remain concerned that the state will not be prepared to address the significant financial threats posed by Donald Trump and Congressional Republicans. The Governor and the legislature must move away from their "wait and see" approach and proactively protect our communities. We need to know now that the state has a plan to fund these programs, and that the billionaires and corporations about to see a massive windfall will be the ones footing the bill.”
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