SIGN NOW: Invest the $11 billion Stock Transfer Tax in NYC’s infrastructure, not rebates to Wall Street traders.

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SIGN NOW: Invest the $11 billion Stock Transfer Tax in NYC’s infrastructure, not rebates to Wall Street traders.

Governor Cuomo and the New York State Assembly

For too long, our transportation and housing infrastructure have been starved of the investments they need, while we have always found money for handouts to Wall Street and big business.

Since 1906, New York City has had a tax on the books known as the Stock Transfer Tax, which generates $11 billion in revenue each year. However, since 1981, this money has gone straight back to Wall Street in the form of a rebate.

In less than 10 years, the Stock Transfer Tax could cover the $60 billion the MTA needs and the $32 billion NYCHA needs. And we could create good-paying jobs and address economic inequality at the same time!

Sign the petition to Governor Cuomo and the State Assembly and demand an investment in our city’s future, not Wall Street’s bottom line.

Sponsored by

Espinal for NYC

New York, NY

To: Governor Cuomo and the New York State Assembly
From: [Your Name]

Each year, the Stock Transfer Tax generates $11 billion in revenue. Yet, 100% of that revenue is handed back to Wall Street in the form of a rebate. Let’s invest the Stock Transfer Tax in NYC’s future -- including the MTA and NYCHA -- not “rebates” to Wall Street.