Gov. Andrew Cuomo outlined his plans for budget cuts and tax caps in his State of the State speech on January 4. Cuomo wants to end the “millionaire’s tax” income tax surcharge when it expires later this year, a position opposed by a broad range of unions & community organizations.
Labor groups have advocated an alternative strategy. A new labor/community coalition, Strong Economy for All, is running radio ads that call for Wall Street and New York’s wealthy to pay their fair share. An article in the January Clarion, by James Parrott of the Fiscal Policy Institute, outlines a range of alternatives to deep budget cuts.