There are common-sense proposals that can raise revenues from our state's wealthiest.
SHARED SACRIFICE IS NORMAL IN A TIME OF CRISIS
FDR and Herbert Lehman raised taxes on the wealthy by 2% during the Great Depression.
Nelson Rockefeller raised taxes on the wealthy by 3% during the “Eisenhower Recession” of 1958-59, and by 4.9% during the recession of 1961.
Legislative leaders raised taxes on the wealthy by 1.1% in 2003 during the post-9/11 recession over George Pataki’s vetoes.
David Paterson raised taxes on the wealthy by 1.1% after the financial collapse in 2009 with the first Millionaires Tax.