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
WHO: 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.