New York Governor Andrew Cuomo has been reportedly been begging wealthy New Yorkers to return to the state after they fled to escape the out of control coronavirus pandemic – revealing that the top “one percent” pay an astronomical 50% of the state’s taxes.
“Gov. Andrew Cuomo has been begging rich people to return to New York City from their second-home retreats so they can pay taxes to help offset the state’s growing coronavirus-related revenue shortfall,” the New York Post reported.
New York remains the epicenter of the country’s battle with COVID-19, having suffered at least 32,422 deaths from the virus, second only to New Jersey. The majority of the state’s infections came from New York City, where many of those targeted by Cuomo lived before escaping to second homes in places like Connecticut, Massachusetts, and Florida.
Even those who simply relocated outside of NYC but stayed New York state are being asked to return specifically to NYC because taxpayers in NYC pay an additional state tax “surcharge” for the privilege of living in Manhattan.
Cuomo is so desperate to save the state from the disaster that he and his Democrat colleagues got them into, he’s even offering to buy them drinks.
“I literally talk to people all day long who are now in their Hamptons house who also lived here, or in their Hudson Valley house, or in their Connecticut weekend house, and I say, ‘You got to come back! We’ll go to dinner! I’ll buy you a drink! Come over, I’ll cook!’” Cuomo said at a press conference late Monday.
“They’re not coming back right now,” Cuomo added. “And you know what else they’re thinking? ‘If I stay there, I pay a lower income tax’ because they don’t pay the New York City surcharge,” Cuomo said admitting that the extraordinarily high taxes were driving people away.
“Our population, 1 percent of the population pays 50 percent of the taxes,” Cuomo said.
New York has some of the highest taxes in the country and now, the state is looking to impose an even higher tax on the one percent via a “wealth tax” that’s set to be introduced in the state’s legislature with the backing of progressive Democrats.
New York is set to face a $30 billion budget shortfall and Cuomo is hoping the federal government will bail him out as part of the upcoming fourth coronavirus relief package, but Republicans say they are staunchly opposed to using federal tax dollars to alleviate budget issues that pre-date the coronavirus in states like New York and Illinois.
House Democrats did specifically include money to bail out struggling states in their bill, with no requirement that states prove a budgetary shortfall existed prior to the coronavirus pandemic, but that is unlikely to pass the Republican controlled Senate.
“They have to deliver. We have federal representatives, we have senators and we have congresspeople. We pay them to pass a piece of legislation that’s going to help New York. And it’s simple, if the federal legislature is not going to help New York, you know what I say to them? ‘Don’t pass it! It can’t pass without you! Don’t pass a piece of legislation that doesn’t restore New York’s funds,’” Cuomo said, insisting that they hold the entire country hostage over New York’s pre-coronavirus budgeting woes.
New York City’s surging crime rate certainly does not help their appeal and Cuomo has said he is promising rich New Yorkers that he will personally have NYC Mayor Bill de Blasio pay closer attention to the crime rate.
“We’re going to make progress helping the homeless. We’re going to clean up the graffiti. We’re going to fix crime.”