In response to Governor Kathy Hochul’s Fiscal Year 2026 Executive Budget Proposal, Invest in Our New York Campaign Manager, Carolyn Martinez-Class, released the following statement:
“Governor Hochul’s Executive Budget proposal is a half-baked solution to New York's urgent affordability crisis, especially as Trump has already moved to cut into the state’s $86 billion federal funding in an effort to cater to the obscenely wealthy. New Yorkers cannot afford to be told to “direct their anger at Washington” while Gov. Hochul buries her head in the sand. The Governor’s proposal extending the top tax rate on millionaires is not good enough and fails to address the underlying – and growing – economic inequality that’s driving hard-working New Yorkers out of the state.
“To genuinely make New York affordable, Hochul must finally make the super-rich and highly profitable corporations pay their fair share in taxes, invest deeply in public programs and services, and abandon the illusion that the federal government will be a reliable partner. Unrigging our tax code is a common-sense, popular approach that will generate significant revenue to fully fund Medicaid, the MTA, universal childcare, public schools, and more.
“With New York billionaires amassing $331 billion in wealth over the past seven years, it’s high time that Hochul stands with the majority of New Yorkers struggling to make ends meet. The super-wealthy must contribute their fair share to secure a prosperous future for all New Yorkers. Enough is enough—let's invest in our state.”
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