The worry is that people and businesses could just leave this great city. So how do you convince them to stay? I think first we'd be very specific. We're talking about raising personal income taxes on the top 1% of New Yorkers. These are New Yorkers who make a million dollars a year or more and raising it by 2%. The second is that for businesses, we're talking about the top rate of the state's top corporate tax. (15:47–15:52)
CLAIM
Asserts a proposal to increase income taxes on the top 1% of earners in New York.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.