NY Keep the “Millionaire Surcharge”

Governor Cuomo wants to give the highest 3% of income earners in New York a tax break by letting the 2009 “Millionaires’ Surcharge” expire. This surcharge is not a “new” tax! 

New York already has a 8.9 billion dollar deficit. If the rich get this tax break, it will put us behind an additional 1.4 billion dollars this year and 4.56 billion dollars next year.

The “Millionaire Surcharge” does not affect our Members; a family would have to earn an annual taxable income of over $300,000 for to kick in. In fact, a CWA family (in our tax bracket) would have to earn a gross income of at least $400,000 to pay the surcharge, clearly not a Working Middle-Class family. Yet, while Albany plans layoffs and service cuts for us, families who earned 1 million dollars a year and have already received an average of $124,000 in federal tax cuts due of the extension of the Bush tax cuts and are now set to get an addition $24,000 more in state tax cuts!  

While the rich get a tax cut, the Middle-Class will get layoffs and service cuts!  Cuomo’s budget will cost thousands of middle-class jobs in healthcare, schools and municipalities and cuts in services to the middle-Class, including increased class size for our kids, cuts in special education, increased tuition at state colleges, and increased fees levied against us as our towns and the state struggle to make up for the shortfalls in state funds. 

Tell the Governor, State Senate and Assembly “NO to Tax Cuts for the Wealthy, while there are Jobs & Service Cuts for the Middle-class (links below).

New York State

Governor Andrew M. Cuomo- www.governor.ny.gov
State Assembly – assembly.state.ny.us
State Senate –
www.senate.state.ny.us/