Deborah Glick on (Hypothetical) Progressive Tax Increases

I just got off the phone with Manhattan-based Assemblywoman Deborah Glick, a members of the Ways and Means Committee, about the possible need to raise taxes in the next budget. (Eliot Spitzer already backed off one such revenue-generating idea.)

Glick said she’s unsure if the state budget is in that much trouble, but indicated that if it’s determined that there is a need, raising taxes on the wealthier taxpayers would be her preferred option.

“I can’t envision, in this incoming budget, a significant raise in any taxes, although there is probably enough money in the top tier. We’ve tended to flatten out our tax structure and I would hope, as time goes on, to increase the progressivity of that, of our state tax structure. I don’t envision that happening, but I hope at some point, if there are serious needs in health care and infrastructure, that we wouldn’t be too afraid to address it appropriately.” Deborah Glick on (Hypothetical) Progressive Tax Increases