They say the raised taxes should fetch $2 billion, which would be invested in «pathways out of poverty and up the economic ladder for all”, including “strong public education”, “bridges, tunnels, waterlines, public buildings, and roads”." />

New York’s top earners want their taxes increased as a way of helping the poor and homeless

They say the raised taxes should fetch $2 billion, which would be invested in «pathways out of poverty and up the economic ladder for all”, including “strong public education”, “bridges, tunnels, waterlines, public buildings, and roads”.

Eighty people including George Soros, Steven Rockefeller and Abigail Disney wrote to lawmakers and New York Governor Andrew Cuomo, saying they and other top earners should pay more to support schools, roads, bridges and programs to help poor and homeless residents of the state.

“Now is the time to invest in the long-term economic viability of New York,” the letter reads. “We need to invest in pathways out of poverty and up the economic ladder for all of our fellow citizens, including strong public education from pre-K to college. And, we need to invest in the fragile bridges, tunnels, waterlines, public buildings, and roads that we all depend on.”

The letter sets forth a plan that would create new, higher income tax brackets for top earners to raise a projected $2 billion.

Many of those signing the letter are millionaires and all make more than $650,000.


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