Forty millionaires ask New York to raise taxes on wealthy in '1% plan for fairness'

Forty millionaires ask New York to raise taxes on wealthy in '1% plan for fairness'

by Amanda Holpunch at the Guardian

http://www.theguardian.com/us-news/2016/mar/21/40-millionaires-ask-new-york-raise-taxes-wealthy-1-percent-plan-fairness

"SNIP..............


More than 40 millionaires on Monday asked New York state to raise taxes on the wealthy, under what they called a “1% plan for tax fairness”.

“As New Yorkers who have contributed to and benefited from the economic vibrancy of our state, we have both the ability and the responsibility to pay our fair share,” the millionaires said in an open letter to Governor Andrew Cuomo and state lawmakers.

Saying they were “deeply concerned that too many New Yorkers are struggling economically, and the state’s ailing infrastructure is in desperate need of attention”, the millionaires urged “the governor and the legislature” to pass “the 1% Plan for New York Tax Fairness”.

The letter was put together with the Fiscal Policy Institute, a left-leaning think tank, and the Responsible Wealth project, a network of hundreds of the wealthiest Americans who support “fair taxes and corporate accountability”.



..............SNIP"