To: New York State Legislature

Close the Carried Interest Loophole

Wall Street billionaires should not be allowed to pay a lower tax rate than kindergarten teachers and truck drivers. New York loses $3.7 billion a year to the Carried Interest loophole.

That means $3.7 billion dollars that New York State could spend on housing, school funding, jobs, clean energy infrastructure and much more.

The New York Legislature should do the right thing and make hedge funds pay their fair share.

Why is this important?

"The top 25 hedge fund managers made more than all the kindergarten teachers in the country," said President Obama. [1]

If you think it's unfair for hedge funds to be taxed less than working class families sign this petition now. Financiers charge a fee for investing other peoples’ money – and call it “carried interest” to get a lower tax rate than kindergarten teachers and truck drivers. [2]

Across the country, states are losing billions of dollars in revenue thanks to the carried interest loophole.

By making sure New York State taxes hedge funds, we could raise & invest $3.7B for schools & jobs.

Add your signature to this petition now and tell the New York State Legislature that our state needs to make sure Hedge Funds pay their fair share!

[1] http://www.reuters.com/article/us-usa-poverty-obama-idUSKBN0NX2JR20150512

[2] http://billmoyers.com/2015/09/17/why-do-kindergarten-teachers-pay-more-taxes-than-hedge-fund-managers/

New York, United States

Updates

2016-03-17 17:36:21 -0700

1,000 signatures reached

2016-03-17 10:51:33 -0700

500 signatures reached

2016-03-11 10:00:46 -0800

100 signatures reached

2016-03-11 08:17:45 -0800

50 signatures reached

2016-03-11 07:51:15 -0800

25 signatures reached

2016-03-11 07:41:31 -0800

10 signatures reached