Progressive States Network - States turn toward taxing the wealthy as tool for economic recovery and growth

State legislators and advocates will detail new research and political realities behind shift toward progressive tax policies suited for our time

WHAT: National call to discuss an emerging trend toward raising state income taxes on the wealthy as a tool for ensuring short term economic recovery and long term economic growth.
WHEN: Thursday April 9th, 2pm EST
Sen. Eric Schneiderman, New York Senate
Sen. Joe Bolkcom, Iowa Senate
Jon Shure, Deputy Director, State Fiscal Project, Center on Budget & Policy Priorities
Ron Deutsch, Executive Director of New Yorks for Fiscal Fairness
Nathan Newman, Interim Executive Director, Progressive States Network
DIAL-IN: 800-391-1709, log-in code 709424

Across the country, state leaders are looking to raise new revenue from high-income residents to avoid budget cuts and fund needed investments for long-term economic recovery. Ignoring tired rhetoric about the panacea of tax cuts for economic growth, nationwide policy leaders are instead raising taxes on high-income residents to fund greater investments in public needs.

While New York state legislators have garnered much deserved attention for reaching a deal to raise taxes on residents of their state making over $250,000, there is a growing movement in states across the country -- from Wisconsin, Connecticut, New Jersey, Iowa, Delaware, Oregon, and even the historically regressive Washington state -- to enact similar measures. This call will detail how legislators have made these advances and highlight research showing that raising taxes is far preferable for economic growth than budget cuts.