DiNapoli's Report: The wealthy will be fine, working-class NYers...not so much

Earlier today, State Comptroller DiNapoli released a report analyzing the impact that the Federal Budget Scam’s tax cut extensions will have on New Yorkers. This report comes on the heels of an analysis by the Fiscal Policy Institute that confirms New York’s growing economic inequality. Below is a statement from Erica Vladimer, communications coordinator for the Invest in Our New York Campaign, in response to the Comptroller’s report:

“The analysis from Comptroller DiNapoli confirms what we already knew: The federal budget scam will move billions of dollars into the pockets of the richest New Yorkers, including the 130 billionaires who call New York home, while hurting working-class people in our state. 

"Congressional Republicans passed a budget that cut our safety net programs and increased burdens on working-class people, all to pay for tax breaks for the rich. It is not enough for state lawmakers to criticize the federal government; they must also take action to protect New Yorkers. 

“Governor Hochul, Leader Stewart-Cousins, and Speaker Heastie must convene a special session, make the super wealthy and highly profitable corporations pay their fair share, and invest those new public dollars in keeping our healthcare whole and making New York affordable for everyone.

“As Comptroller DiNapoli’s report makes clear, the federal budget scam ‘further skews tax benefits to individuals and businesses at higher income’ and will ‘put a heavier burden on working-class New Yorkers trying to make ends meet.’ New York’s millionaires and billionaires can afford to pay what they owe in taxes.”

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