asking to have their taxes raised to help address poverty and rebuild failing infrastructure.
millionaires wrote a letter to Democratic Gov. Andrew Cuomo and top New
York lawmakers proposing new, higher tax rates for the top 1% of earners
in the state.
The letter says that additional revenue would help
addressing child poverty, homelessness and aging bridges, tunnels, water
pipes and roads.
"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 letter states.
well afford to pay our current taxes, and we can afford to pay even
The tax plan, known as the one-percent tax plan, was worked out in conjunction with the Fiscal Policy Institute, a left-leaning economic think tank.