New York Has the Ways and Means: How and Why Wall Street Should Give Back to Main Street

April 19, 2010. This new report details how a temporary bonus tax and other Wall  Street measures could ease New York’s budget crisis and fund property tax relief for the most burdened households. Sensible options for closing the state  budget gap meet three goals:

  1. Support rather than undermine the needs of New York families.
  2. Minimize the  negative impact of this year’s budget decisions on the fragile state economy.
  3. Require the New York financial industry – which bears responsibility for much  of the negative impact on the state’s economy and finances since 2007, and which  has now realized enormous profits because of the taxpayer-funded bailout – to  contribute a fair share to Main Street’s recovery.

Press release >> Full report >>