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NY Unions Support 'Tax the Rich' Campaign Amid Criticism

2/26/2026

23 4 Full Breakdown

Summary

Story summary

New York unions, including the United Federation of Teachers, back a "tax the rich" campaign led by the Democratic Socialists of America.
The plan would raise income taxes by 10% for couples earning $500,000 and lift the top rate to 24% for those earning over $25 million.
Critics, including Jerry Kassar, state Conservative Party Chair, say higher taxes could drive residents away.

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Story summary

New York unions, including the United Federation of Teachers, back a "tax the rich" campaign led by the Democratic Socialists of America.
The plan would raise income taxes by 10% for couples earning $500,000 and lift the top rate to 24% for those earning over $25 million.
Critics, including Jerry Kassar, state Conservative Party Chair, say higher taxes could drive residents away.