Progressives Notch Huge Tax Win In New York
by: David Sirota
Mon Mar 30, 2009 at 10:38
The New York Times delivers the incredibly good news from the frontlines of the most important tax fight in the country - a fight we've been following here at OpenLeft:Gov. David A. Paterson and leaders of the Legislature have reached a deal to temporarily raise taxes on New York's highest earners in order to close the state's yawning budget deficit, lawmakers and officials involved in the talks said on Saturday... The plan would raise $4 billion a year by creating two new tax brackets, the highest one affecting those who earn $500,000 or more. If approved by rank-and-file lawmakers in the Assembly and State Senate, the tax increases would be a major victory for unions and liberal advocacy groups and a signal of the new balance of power in Albany...This is the Make Him Do It Dyanmic on the state level - in this case, progressive groups, led by the Working Families Party, forced Democratic Gov. David Paterson (D) to accept a commonsense, progressive budget/tax solution. It shows that movement pressure - whether you want to denigrate it as "anger" or "outrage" or "insufferable stridence" - can actually create significant concrete results.
"It's a profound breakthrough for tax fairness," said Dan Cantor, executive director of the Working Families Party. "The era of phony prosperity has ended, and a new era of real shared sacrifice must begin."
Open Left:: Progressives Notch Huge Tax Win In New York
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