Proposed New York Tax Increase Will be the Largest in State History Despite Receiving 12.5 Billion Stimulus

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The letter says the tax increases were not necessary since the $1.9 trillion federal relief bill passed earlier this month. This hike appears  despite the $12.5 billion earmarked for the state through the relief bill.

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Rebecca Bailin, campaign manager for Invest in Our New York, an effort to fund social programs by taxing the wealthy, said the letter was “250 wealthy people in their homes pleading for the status quo.”

Gov. Cuomo’s office is not yet responding to requests for comment.