Rich New Yorkers ask state to raise their taxes

ALBANY, N.Y. (AP) – Some of the wealthiest New Yorkers are asking the state to raise their taxes.

Eighty people including George Soros, Steven Rockefeller and Abigail Disney wrote to lawmakers and Democratic Gov. Andrew Cuomo saying they and other top earners should pay more to support schools, roads, bridges and programs to help poor and homeless residents of the state.

A letter from the group reads, “Now is the time to invest in the long-term economic viability of New York.” ”We need to invest in pathways out of poverty and up the economic ladder for all of our fellow citizens, including strong public education from pre-K to college. And, we need to invest in the fragile bridges, tunnels, waterlines, public buildings, and roads that we all depend on.”

The letter, a copy of which was obtained by the Associated Press, endorses a plan that would create new, higher income tax brackets for top earners to raise a projected $2 billion.

Many of those signing the letter are millionaires and all make more than $650,000, making them members of the state’s top 1 percent when it comes to income.

The proposal is being pushed by the Fiscal Policy Institute, a liberal-leaning economic think tank.

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