Strong Majority Of New Yorkers Support Raising Taxes On Wealthy (According To Poll)

If you believe in Polls, we thought this article posted by Spectrum News was an interesting one!  We would like to hear from real people in New York what they think about raising taxes in the comments below. This poll was conducted by Siena College which is supported by the government.

“A strong majority of New Yorkers support raising taxes on wealthy earners and profitable corporations to fund public programs, according to a new poll commissioned by Invest in Our New York Campaign and conducted by Siena College that was released Friday.

The poll found 74% of state residents believe taxes should go up for the highest 5% of earners. About the same percentage of respondents, and 72% of upstate residents, believe raising taxes on the rich should be the solution to address any state budget shortfall rather than cutting services, according to the poll.

In addition, 64% of people, including 79% of Democrats, said they would favor a political candidate who supported raising taxes while 27% said they would favor a candidate who supported cutting spending to control state spending.

“Working-class New Yorkers, the people who wake up each day to strive for a better future for themselves and their families, continue to be the victims of budget cuts and diminished state resources. In the meantime, the ultra-rich continue to accumulate wealth. If our leaders do not intervene, the affordability crisis in New York will only get worse,” said Carolyn Martinez-Class, campaign manager at Invest In Our New York. “This poll affirms that most New Yorkers agree: it is high time that the wealthiest among us pay their fair share of taxes to ensure a thriving, equitable environment for everyone. Governor Hochul and our legislative leaders must answer the call of their constituents and include common-sense policies in the 2024 budget that raise taxes on the ultra-rich and invest in our communities.”

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Kat Jennings, CEO

Now that the United Kingdom has voted to leave the European Union, the question of how this will affect the global economy is one of the crucial issues for U.S. multinationals. The effects will have far reaching implications in transfer pricing and cross border activities. U.S. Multinationals are already considering the impact on and possible outcomes the vote will have on their businesses. In addition, to the direct trade effect, business investment around the globe is likely to be stifled somewhat due to the heightened uncertainty about the global implications of BREXIT and the tightening of financial conditions. Don’t miss this opportunity to learn from our tax experts, who will discuss and analyze the effects on transfer pricing and the global outlook on this decision, as well as, the OECD’s latest action plans under the BEPS (base erosion profit shifting) project and modifications to bilateral tax treaties.

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