A coalition of advocates and elected officials launched a campaign Monday calling on New York to levy $40 billion in new taxes on the state’s wealthiest people, in order to fund a wide array of public investments and social programs.
Members of the “Invest in Our New York” coalition say that the state’s billionaires are doing just fine and can afford a slightly higher tax bill, but that the money can go a lot further supporting the working class, who are struggling to keep up with rising costs for housing, healthcare, and education.
