Verizon, Goldman Sachs and Travelers Insurance have plenty in common. They’re big. They’re rich. Unlike most of us, they benefit from New York’s “Swiss cheese” corporate tax structure.
Unfortunately those cheese holes are getting bigger: General business corporations have gone from carrying 9.6 percent of New York State’s tax load in the 1970s to 4.3 percent last year.
That’s why unions, community groups, faith organizations and Occupy organizations came together on Monday to release a tax plan. The principles of the plan: Enforcement, fairness and transparency.
CWF’s Sunshine Ludder explained the logic: “All New Yorkers should pay their fair share, including corporations that benefit greatly from our state’s people and infrastructure. It’s essential for a strong democracy and economy.”
Stay tuned for more on this campaign.
