DSA rallies at Hochul office demanding higher taxes on wealthy New Yorkers
Updated
Updated · USA TODAY · Apr 30
DSA rallies at Hochul office demanding higher taxes on wealthy New Yorkers
5 articles · Updated · USA TODAY · Apr 30
The 5:30pm protest outside Hochul's Third Avenue office in Manhattan comes as New York City faces a budget gap of more than $5bn and extends its executive budget deadline to 12 May.
Organisers say Assemblymember Diana Moreno, City Council members Chi Ossé and Alexa Avilés, and state Senator Kristen Gonzalez will attend, pressing for higher taxes on millionaires and corporations.
The action follows Hochul's rejection of Mayor Zohran Mamdani's request to alter the PTET, though both sides recently backed a pied-à-terre tax projected to raise $500m annually.
Could increasing taxes on the wealthy solve New York City's budget crisis, or will it trigger unintended consequences for the city's economy and residents?
How might proposed tax changes, like the PTET reduction and pied-à-terre tax, reshape New York City's economic landscape in the next few years?