NYC Mayoral Candidate Art Chang Endorses the Invest in Our New York Act

[Dateline: BROOKLYN, NY, 2/20/2021] — New York City Mayoral candidate Art Chang proudly endorses the state legislative package of bills titled the “Invest in Our New York Act.” “For too long, New York State has pursued a regressive and retrograde economic policy of cutting taxes on the wealthy and corporations while cutting funding to essential programs,” Chang said. “This package returns New York’s tax policy closer to historical norms. More importantly, by lifting all boats, it would reduce the risk of a fragile recovery by supporting a recovery for ALL New Yorkers.” 

Chang sees powerful possibility in the passing of these bills, estimated to bring $49.3 billion - $93 billion yearly, to New York State, which he believes will meet New York’s needs for years to come. As Mayor, Chang will fight to have a portion of the revenue directed to his Universal Childcare program in New York City; to fully fund the New York City public schools to the Court-ordered minimum levels for the first time in modern history; and to invest in the future of CUNY and SUNY students, including deferred capital investments. Chang is passionate about making higher education accessible: “I believe that SUNY and CUNY should be vehicles to unlock human potential for every New Yorker, and the Invest in our New York Act makes this vision a reality.” 

Chang believes that New York can afford this. He says, “New York is one of the largest and fastest-growing economies in the world, yet has a regressive tax system in which the wealthiest in New York State have captured nearly all the economic growth in the last 40 years while seeing their tax rates drop over this time period, as have corporations. It’s time to pay our fair share.”

Finally, Chang believes that the Invest in Our New York Act would make it possible to make New York City the best place to have a business. By ending the eviction crisis, reversing the homelessness crisis, building new low income housing, and renovating NYCHA and rent-stabilized properties with City assistance, economic well-being will translate into prosperity and growth.