NEW YORK — Ahead of Wednesday's kickoff of the 2021 state legislative session, progressive groups are urging Gov. Andrew Cuomo and Albany lawmakers to deal with a historic fiscal crisis by raising taxes on wealthy New Yorkers.
One of the elected leaders pushing for legislation on this front is State Sen. Julia Salazar of Brooklyn. She joined activists and other progressive figures outside of Cuomo's Manhattan office on Tuesday to launch the "Invest in Our New York Act."
Salazar discussed one of the proposals included in the legislative package on Inside City Hall on Tuesday night with anchor Errol Louis.
The Democrat is putting forward a bill that would place a small tax on the trades of stocks, bonds, and other derivatives that, she says, could potentially raise between $12 billion and $29 billion a year.
------
Watch the full interview above.
------
Did you know you can now watch, read and stay informed with NY1 wherever and whenever you want? Get the new Spectrum News app here.
------
Looking for an easy way to learn about the issues affecting New York City?
Listen to our "Off Topic/On Politics" podcast: Apple Podcasts | Google Play | Spotify | iHeartRadio | Stitcher | RSS
-----
Further Coronavirus Coverage
What to Do If You Test Positive for COVID-19
How Hospitals Protect Against the Spread of Coronavirus
Coronavirus Likely Spreads Without Symptoms
Coronavirus: The Fight to Breathe
Experts Say Masks Are Still a Must
Cuomo Granted Broad New Powers as New York Tackles Coronavirus