Governor Hochul's Budget Chooses the Wealthy Over New Yorkers…Again

In response to Governor Hochul’s tone deaf and misguided executive budget proposal, Invest in Our New York’s Campaign Manager, Brahvan Ranga, released the following statement:

“Governor Hochul refusing to make the ultra-wealthy pay their fair share while federal Republicans strip our communities bare is doing Trump's work for him. Her claim that she won't ‘tax the wealthy just for the sake of raising taxes’ is insulting; the Governor herself acknowledged we are facing, at minimum, a $10.3 billion gap in federal funding, and that we do not have the funds for universal childcare in the long-term. We need to tax the rich because people are losing their healthcare, going hungry, and localities don’t have the funds to provide the basic services people need –– while New York millionaires pocket a $12 billion federal tax cut.

“This isn't a policy debate—it's a crisis that demands immediate action. Governor Hochul says she's ‘found the money’ for universal childcare by having agencies tighten their belts, and that strong returns on Wall Street means there is no need to raise taxes on the wealthy. But she also admitted we don’t have the necessary funds for a true, universal childcare program in the long term. 

Governor Hochul is clearly kicking the can down the road to score points with her wealthy donors. But New Yorkers know – and support – the truth: you cannot fully fund universal childcare, replace lost federal funding, and build the New York we deserve without making the super-rich and highly profitable corporations pay what they owe in taxes. Anything less is a choice to let our communities suffer. 

"Speaker Heastie, Majority Leader Stewart Cousins, and every legislator must step up in budget negotiations and do what Governor Hochul won't: tax the rich."

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