Powerful unions back ‘tax the rich’ campaign that squeezes other New Yorkers

Source: New York Post

The Empire State’s most powerful unions — including the United Federation of Teachers — are backing a “tax the rich” campaign that includes a proposal taking a bigger bite out of New Yorkers who are not millionaires. The unions representing government workers — listed as supporting the Democratic Socialists of America’s “Tax the Rich” rally in Albany Wednesday — stand to benefit from the billions of dollars in revenues raised by the potential massive tax hikes. The DSA is pushing one piece of legislation, which Mayor Zohran Mamdani championed as a state assemblyman, that would not just hit millionaires as claimed — but would also raise state income taxes by 10% on couples making $500,000.