NEW from me & in
"Governor Hochul’s budget proposal prioritizes corporate giveaways while failing to invest in the services and programs that keep all New Yorkers safe and thriving."
We can do better: #InvestInOurNY instead!
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Michael Kink
@mkink
ED . Fighting Wall Street greed . Dad, public-interest attorney, organizer, advisor to leading labor & community groups.
strongforall.orgJoined November 2008
Michael Kink’s Tweets
This is a U.S. Senator engaging in a flagrant, in-your-face, absolutely-positively-dgaf form of corruption 👇
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NEWS: @SenJohnThune became the Senate's #3 recipient of rail industry campaign cash as he led the charge to help his donors kill a safety rule requiring better brakes designed to prevent train derailments. levernews.com/rail-companies3
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We’re on board.
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Let’s give public school teachers a raise.
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asks about new taxation regimes for products like Uber, digital advertising and other untaxed profits. says unrealized gains are the biggest potential source of revenue, along with cracking down on pass throughs
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asks “is there an appropriate level of taxation”related to migration? says that Cristobal Young’s research show it’d take a 25% increase in taxes to make even a modest dent
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In response to questions from both & say taxes on capital gains and investments in education will result in more fiscal stability and more longer term equity
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Q from : where are the home runs and swing-and-misses for public investment? says early childhood and affordable housing are home runs. says any renewal of 421-a would be a whiff.
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Qs from — is there a risk of migration due to taxing the wealthy? says studies show it’s really not a factor. What’s the cost impact for movers? says housing costs are the biggest savings from moving, not taxes.
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Now says new revenue options are possible, calls for more progressive income tax rates, a surcharge on capital gains, taxing unrealized gains and conforming with GILTI
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Here’s with “one key fact: after we taxed the rich, we’ve gotten more and more revenue, beating estimates every quarter. Contrasts luxurious lives of the wealthy with affordability struggles of everybody else.
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Income inequality up 10-30% across New York over the last decade says — NY is rich and can easily lead the national movement for tax justice. And it’s popular—three out of four New Yorkers back taxing the wealthiest.
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NOW! #InvestInOurNY panel at legislative budget hearings on tax & revenue nysenate.gov/calendar/publi
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“Decisions to move are complicated, we have no evidence of a link to tax policies, and one year during the pandemic does not make a trend,” says Commissioner Hiller on slight uptick in millionaire migration.
The main point: we’re getting $10B/yr more revenue — most have stayed!
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"They're stealing from our students, they're stealing from taxpayers, and state lawmakers here at the Capitol have to put an end to it," said Michael Kink, director of the progressive Strong Economy for All Coalition.
timesunion.com/state/article/ via
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84% of New Yorkers support taxing billionaires and 74% want those making $100M per year to pay more — that includes 9 out of 10 Democrats and three out of four Republicans!!
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Weird!
Despite Governor Kathy Hochul promising not to raise taxes on the ultra-wealthy, a new poll shows that New Yorkers of all political leanings agree that the rich should be taxed way more.
So huh, why wouldn't the governor be in favor of it then?
hellgatenyc.com/poll-rich-peop
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Most New Yorkers want rich people to pay higher taxes so people can stay in their homes, afford childcare, and live with dignity in NY.
But the state's leaders are resolutely opposed to this.
Why? So weird!
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84% of NYers want to tax the ultra-rich bc working people are sick and tired of carrying the burden of improving our public system.
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“The rich and powerful like to believe we aren’t working hard enough…that is a lie. We have the American Scam because of a broken tax system that protects the rich and hurts the poor.” - AM @rontkim, sponsor of the Capital Gains Tax bill
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From the Republic of Congo to Puerto Rico, hedge funds are making money from people’s suffering.
The good news? New York can do something.
Our new report releases February 21st.
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📢Calling all businesspeople who support raising New York's minimum wage!
SIGN ON here to show your support: ➡️bit.ly/BFMWnewyork
#RaisetheWage is good for
✅ Workers
✅ Local Businesses
✅ Communities
✅ NY's Economy
Spread the word to #RaiseUpNY
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"Jim represents a wide variety of corporate entities, high-net-worth individuals and other major law firms in civil litigation in both state and federal court."
Hmm which high-net-worth individuals? Ron Lauder?
pillsburylaw.com/en/lawyers/jam
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Source says attorney James Catterson is handling the case for @AnthonyHPalumbo pro bono.
Catterson is a former Associate Justice of the Appellate Division, First Department. He was appointed by @GovernorPataki
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Pleased to support student activists to disrupt 's campus recruitment event!
Until Citi stops financing fossil fuels, it can expect students to call it out as a planet-killing employer that young talent should avoid.
More coverage here: columbiaspectator.com/news/2023/02/0
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This afternoon, our Columbia student hub members disrupted a Citibank recruitment event on campus to demand that Citi divest from fossil fuels now! We were joined by @XR_NYC, @nychange, and fellow student activists 
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Starbucks fired a pro-union barista for “violating” the company’s social media policy, after he tweeted that he had been asked to come to work even after testing positive for COVID-19
Wow
H/t
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Follow for badass live tweets from the hearing on taxes & revenue
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The joint legislative budget hearing on taxes is kicking off.
#InvestInOurNY
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Senator asks what the Gov is looking to do to address childhood poverty, & acting commish says not raising personal income taxes is one way to do that...🤔
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He then asks why Governor Hochul wants to extend the corporate tax changes for 3 years. She says sunsets allow a revisit, and that although we had a strong market in 2021 and 2022, forecast shows we may not have the same in 2023 and 2024 so the sunset lets them review.
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Senator asks Commish to talk about the impact of the 2021 #InvestInOurNY changes to the personal income tax & corporation tax structures. She says they anticipate $800M in the first year based on the corporation tax changes.
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Acting Commissioner Hiller points to Gov. Hochul's commitment to not raise income taxes on New Yorkers. Sounds like someone needs to read the latest poll that shows 84% of New Yorkers support raising income taxes on billionaires.
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"If we can tax the hard-working families of my neighborhood on the increased value of their house, then I know we can tax billionaires on the increased value of their stocks." #InvestInOurNY #TaxTheRich
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Our leaders are up in Albany today with the , dropping off information about our spending priorities for 2033, including #HAVP.
They stopped by & ’ offices among other electeds with one message: “Make the rich pay what they owe.”
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“The rich and powerful like to believe we aren’t working hard enough…that is a lie. We have the American Scam because of a broken tax system that protects the rich and hurts the poor.” - AM , sponsor of the Capital Gains Tax bill
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“I'm tired of our elected officials being too afraid to confront the powerful elite...if Gov Hochul won't raise taxes, she isn’t listening to a majority of New Yorkers.” - Rosemary of
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Check out my latest op-ed on the All-Electric Building Act & NY HEAT Act (both of which I am proud to sponsor) and why we need to pass these bill now!
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“My daughter’s school saw budget cuts, my landlord raised my rent, putting food on the table is becoming difficult. Is this fair? Legislators need to #InvestInOurNY.” - Lucia Diaz of
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“Just this week, we heard from that the rich aren’t paying what they owe and corporations are making ridiculous profits…we know that the wealthy are set. The #InvestInOurNY act is our roadmap that NYers want to get affordability.” - of
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“NYS is not broke, but guess who is? Childcare providers… childcare educators… parents… and the best part is Universal Childcare puts $ back into our state. So let’s tax the millionaires & billionaires, and give our babies the state they deserve.” - with
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