Do the richest 1% of New Yorkers really need another tax break?

Assemblymember Kevin A. Cahill:
  • Without legislative changes, people making $20,000 a year will pay the same top rate as millionaires.
  • Half of the millionaires who benefit by the current tax break are not even New York residents.
  • With the expiration of this surcharge, millionaires will receive an annual savings of $85,450, while taxes for the rest of us continue to rise.
  • The loss of revenue from a true millionaires tax means billions more have to be raised through local taxes.
  • We all have a responsibility to do our part, which is why it is important that the rates at which all New Yorkers, including millionaires, are taxed is fair.

Assemblymember Kevin A. Cahill
Tell me your view on Assembly Bill A.7802: Keeping the current tax rate paid by millionaires and continuing it until Dec. 31, 2012, while providing 30 percent of the tax revenue to the Educational Assistance Fund.
Kevin A. Cahill
Member of Assembly
Governor Clinton Building, 1 Albany Avenue, Suite G-4
Kingston, NY 12401 • 845-338-9610 • cahillk@assembly.state.ny.us

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Please take a minute to fill out this card or visit www.assembly.state.ny.us/endmilliontaxbreak

Everyone is feeling the effects of the economic recession. We must do what is right by exploring fair solutions for all taxpayers while ensuring a bright future for our students.


YES, I support keeping the current tax rate paid by millionaires and continuing it until Dec. 31, 2012, while providing 30 percent of the tax revenue to the Educational Assistance Fund (A.7802). I agree that we need to protect working families and not just multi-millionaires. I stand with you and want to be kept informed.
NO, let the Millionaires Tax expire.

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Mail completed form to:
Assemblymember Kevin A. Cahill
Governor Clinton Building, 1 Albany Avenue, Suite G-4
Kingston, NY 12401

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