NY State is in a financial crisis. The money has to come from somewhere - either the middle class and poor or the wealthy. We've already seen the state raise revenue for the general fund by seizing the SUNY tuition increase money - money that students with little or no income have borrowed and will be paying back for decades. UB Law students each made an $841.50 contribution to NY this semester alone.
Households making $20,000 per year and households making $1million per year are paying taxes at the same rate. $20,000 per year in the equivalent of a $9.61/hr - that's not a living wage in Buffalo (let alone downstate) even if your employer is providing health insurance. We basically have a flat income tax in NY, which is outrageously regressive. This has happened piecemeal over the last 40 years as the wealthy have seen their tax rates cut again and again.
That is why we need Fair Share Tax Reform. There is a rally Thursday, March 5.
Time: 4-5:30
Location: True Bethel Baptist Church (Buffalo, NY)
907 East Ferry Street
Buffalo, NY 14211
Join union members, community groups, non-profit organizations and more to speak out against the dangerous budget proposals now being considered in Albany.
For more info, call 716-855-1522 ext.1, or 716-748-5363
Wednesday, March 4, 2009
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