{"id":303,"date":"2026-02-25T18:28:43","date_gmt":"2026-02-25T18:28:43","guid":{"rendered":"https:\/\/council.nyc.gov\/chi-osse\/?p=303"},"modified":"2026-02-25T18:29:11","modified_gmt":"2026-02-25T18:29:11","slug":"new-york-city-council-members-call-on-state-to-give-city-power-to-tax-millionaires","status":"publish","type":"post","link":"https:\/\/council.nyc.gov\/chi-osse\/2026\/02\/25\/new-york-city-council-members-call-on-state-to-give-city-power-to-tax-millionaires\/","title":{"rendered":"New York City Council Members Call on State to Give City Power to Tax Millionaires"},"content":{"rendered":"

Twenty-two Members of the New York City Council released a joint statement calling on the State Legislature and Governor Hochul to pass the Fair Share Act, legislation that would grant New York City the authority to enact a 2% income tax increase on millionaires.<\/em><\/p>\n

New York, NY:<\/strong> Amid a profound fiscal crisis, our city stands at a crossroads. The power to bring New Yorkers relief rests with Governor Hochul and the State Legislature. <\/p>\n

It is time to Tax the Rich. <\/p>\n

New York City does not have the authority to change its own income tax rates without the State\u2019s approval. That power remains in Albany. Therefore, as Members of the New York City Council, we urge the State to pass the Fair Share Act.<\/p>\n

The Fair Share Act would grant New York City the authority to enact a 2% tax increase on those earning over $1 million a year. It would give our City the power to require more from those who can afford it in service of the common good. We are asking the State to entrust our City with the authority to govern in the interest of working people.<\/p>\n

Accordingly, we will not govern by myth. Millionaires will not flee because they are asked to contribute more. It is the working class fleeing the city at an alarming rate. <\/p>\n

Our neighbors cannot be forced into decisions between paying the bills and putting food on the table, while the wealthiest are protected from paying what they owe. A small increase for the wealthiest is reasonable. It is responsible.<\/p>\n

We urge the elected leadership at the State level to give New York City the tools to secure its own fiscal future and choose long-term stability over austerity.<\/p>\n

Signed,<\/p>\n

Council Member Chi Oss\u00e9<\/p>\n

Council Member Shirley Aldebol<\/p>\n

Council Member Alexa Avil\u00e9s<\/p>\n

Council Member Tiffany Cab\u00e1n<\/p>\n

Council Member Elsie Encarnacion<\/p>\n

Council Member Harvey Epstein<\/p>\n

Council Member Amanda Far\u00edas<\/p>\n

Council Member Jennifer Guti\u00e9rrez<\/p>\n

Council Member Ty Hankerson<\/p>\n

Council Member Shahana Hanif<\/p>\n

Council Member Crystal Hudson<\/p>\n

Council Member Rita Joseph<\/p>\n

Council Member Shekar Krishnan<\/p>\n

Council Member Chris Marte<\/p>\n

Council Member Sandy Nurse<\/p>\n

Council Member Carmen De La Rosa<\/p>\n

Council Member Lincoln Restler<\/p>\n

Council Member Justin Sanchez<\/p>\n

Council Member Kayla Santosuosso<\/p>\n

Council Member Pierina Sanchez<\/p>\n

Council Member Althea Stevens<\/p>\n

Council Member Julie Won<\/p>\n

###<\/p>\n","protected":false},"excerpt":{"rendered":"

Twenty-two Members of the New York City Council released a joint statement calling on the State Legislature and Governor Hochul to pass the Fair Share Act, legislation that would grant New York City the authority to enact a 2% income tax increase on millionaires.<\/em><\/p>\n

New York, NY:<\/strong> Amid a profound fiscal crisis, our city stands at a crossroads.<\/p>\n

…<\/p>\n

READ MORE<\/a><\/small><\/strong><\/p>\n","protected":false},"author":339,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-303","post","type-post","status-publish","format-standard","hentry","category-statements-press-releases"],"_links":{"self":[{"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/posts\/303","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/users\/339"}],"replies":[{"embeddable":true,"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/comments?post=303"}],"version-history":[{"count":0,"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/posts\/303\/revisions"}],"wp:attachment":[{"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/media?parent=303"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/categories?post=303"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/council.nyc.gov\/chi-osse\/wp-json\/wp\/v2\/tags?post=303"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}