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Home » Issues » New Yorkers to Albany: Tax Stock Buybacks

New Yorkers to Albany: Tax Stock Buybacks

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The PSC is partnering with the Strong Economy For All coalition to campaign for progressive tax policies that will ensure that New York’s budget is not balanced on the backs of working people. On Friday, March 9, the union helped to organize a demonstration and street-side press conference outside the New York Stock Exchange calling for a Stock Buyback Transfer Tax. Large, profitable corporations are using their windfall from the federal tax cuts to buy back stocks and make their richest shareholders richer rather than to create jobs and to increase worker pay. A mere .5% transfer tax on stock buyback trades could raise $2 billion a year in New York for affordable housing, healthcare and quality public education from kindergarten through CUNY. Click here for a cable news piece about the tax featuring our coalition partners from the Fiscal Policy Institute, which aired throughout upstate New York. Click here for photos and the release about the Wall Street event.


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