We all breathed a sigh of relief when Governor Cuomo announced NY State’s new progressive income tax last week. The State was facing a $3.5 billion budget deficit that endangered vital social services and would have led to more layoffs at a time when many New Yorkers are struggling to make ends meet. Under the Governor’s proposal, which has now been passed by the State Senate 55-0, the budget deficit will become far more manageable.
Yet, we have more work to do. Governor Cuomo and the leaders of the Senate and Assembly deserve credit for putting aside their differences, working together and remembering that a more progressive tax system is critical to putting our state in a better financial position. But NY State will still face a $1.5 billion deficit next year, and we have received no indication that our schools, parks, hospitals, and public housing will be shielded from the cuts. These institutions, along with many others, are invaluable, especially in hard times like the ones we are facing now. We cannot allow resources to be driven away from these essential resources.
Send Governor Cuomo a message. Remind him that we still need revenues and that cuts to our vital services are not acceptable.
I had been very vocal in my criticism of the Governor when he came out against the extension of the Millionaire’s Tax, which in my view made New York fairer. Last week, I set my criticism aside and I am happy to say that I stand in support of this new plan to invest in our state’s economy. Yes, I would have rather seen the Millionaire’s Tax extended, but it is nevertheless gratifying to know that Governor Cuomo agrees that those who earn more ought to contribute more to our State in furtherance of a more just society. I am particularly encouraged by the commitment to invest in jobs for our youth, which are so desperately needed in communities like ours.
The Governor has come a long way in recognizing that New York’s tax system has been unfair for many years. I believe he can come a bit further.
Let’s push Governor Cuomo a little further to the left. Ask for more revenues and less cuts.