Moral Budget

New York has the highest inequality in the United States. While our state is home to great wealth, we also have over 3 million residents living in poverty - including 1 in 5 children.  Statewide we are experiencing record levels of homelessness and hunger.

New York must invest in ending poverty, hunger and homelessness, protecting healthcare, guaranteeing quality public education for every child, and creating good jobs. To do that we need the wealthiest New Yorkers - whose income has ballooned in recent decades -  to pay their fair share

Why is this important?

While New York's wealthiest have earned a disproportionately large share of income, they are paying a disproportionately small share in taxes. The Fiscal Policy Institute finds that the top 1 percent of New York earners pays 8.1 percent of their income in state and local taxes, compared to 12 percent paid by the middle class. This regressive tax structure is unjust, and it leaves New York with fewer resources to invest in ending poverty and building an inclusive, equitable and sustainable economy.

What can you do?