And what we've put forward is a plan to raise $10 billion a year that would make those buses free, pay for universal childcare, and give us the fiscal flexibility to trump proof our city by Raising taxes on the most profitable corporations in the state to match that of New Jersey's top corporate tax rate, 11.5%. And by raising taxes on the top 1% of New Yorkers who make a million dollars a year or more by a flat 2% increase, just $20,000, which for someone making $1 million, is more like a rounding error. (04:51–05:00)
CLAIM
Asserts a plan to raise corporate taxes to 11.5% to match New Jersey's rate.
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