“So many people have been fighting, literally, for decades, for a fair tax system in New York,” Ron Deutsch, executive director of New Yorkers for Fiscal Fairness told Capital Tonight. “We are many steps closer to that than we have been in the past.”
Deutsch said the progressive community is especially excited that it secured additional increases in the top tax rates.
“We’re only talking about less than a 1% increase for people making between $1 million and $5 million a year,” Deutsch argued. “I don’t think that’s enough to make them want to pack up and leave.”