Tax us moguls more, Andy!
ALBANY — Two groups of New York millionaires have a solution to the state’s $4.4 billion budget deficit — raise our taxes.
“Raising taxes on upper-income New Yorkers like us is the right thing to do morally,” a coalition of at least 33 millionaires wrote in a letter to be sent Tuesday to Gov. Cuomo and legislative leaders.
The 33 are part of two groups, Patriotic Millionaires and Responsible Wealth, that wrote the state “can and must do more to invest in the state’s unmet needs, and we believe wealthy taxpayers like us should be part of the solution.”
The letter hits the state for not meeting a court order to provide needy schools that were traditionally underfunded billions of dollars more in aid, an obligation Cuomo has repeatedly argued has been met.
It also focused on what the millionaires called an underinvestment in social services, including the growing homeless crisis.
“We have a way of funding these possibilities: Tax us,” the groups, who will hold a press conference Tuesday at the state Capitol, wrote.
A Cuomo spokesman said only that the administration will review the letter.