Putting the state on the road to economic recovery required tough decisions, shared sacrifice, and yes, tough cuts. With New York facing a $17.7 billion budget gap, photo belt-tightening and the federal stimulus money alone couldn’t repair our economy.
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Rejecting $2.1 billion in nuisance taxes
Assemblyman Rivera thinks low- and middle-income New Yorkers are under enough pressure. That’s why the Assembly rejected $2.1 billion in taxes and fees that would have nickel-and-dimed working families, including new and increased taxes on:

gasoline

clothing and footwear under $110

digital downloads

non-diet soft drinks, haircuts, nail salon visits and other personal services items

movie tickets, sporting events and other entertainment-related purchases

trout and salmon fishing stamps

store coupons

capital improvements to homes

$40,000 per year or $4,000,000 – New Yorkers paid the same tax rate
A fairer alternative -- Under New York’s current tax system, families earning $40,000 a year pay the same tax rate as those who earn $4 million a year. But a new temporary surcharge on the wealthiest 3 percent of New Yorkers adds fairness to the tax code while generating revenue to help fund our schools, shore up our health care system and narrow a growing budget gap without burdening middle- and low-income New Yorkers.

photo Assemblyman Rivera demanded a fairer solution. Now, those families earning $300,000 to $500,000 per year will be taxed about 1 percentage point more; and those families earning over $500,000 per year will be taxed approximately 2 percentage points more. Everyone else – 97 percent of New Yorkers – will see no income tax increase.

Contrary to misleading headlines, this does not cause millionaires to flee the state. In fact, here was a 54 percent increase in the number of tax filers who earned more than $1 million the last time New York imposed such a temporary surcharge.

“I rejected dozens of taxes and fees that would have nickel-and-dimed middle- and low-income New Yorkers and replaced them with an alternative that asks the wealthy to pay their fair share while fixing an outdated tax system.”
-- Assemblyman Rivera
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Assemblyman José Rivera

One Fordham Plaza, Suite 1008 Bronx, NY 10458
718-933-2204 riveraj@assembly.state.ny.us
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