The NY State Legislature is expected to vote on the bill tomorrow.
On Wednesday morning, Rep. Alexandria Ocasio-Cortez released the following statement in support of the Invest in Our New York Act:
“A one-time cash infusion from the federal government is not sufficient to address systemic income inequality. New York’s billionaires grew $87 billion richer during the pandemic — to a total net worth of $600 billion. Meanwhile, nearly half of New Yorkers are food insecure and over 1.3M are at risk of eviction. If we do not create recurring revenue streams that will allow us to address decades of underfunding, our most vulnerable communities will suffer a delayed recovery that will last years, if not decades. We can take care of each other and build a better, fairer economy if we end tax breaks for the richest New Yorkers.”