CorporateCampaign.org, Pat Clark, January 1, 2025

News Bulletin:  Gubernatorial Candidate Antonio Delgado Scores A One-Two Punch Calls For Repeal Of Stock Transfer Tax Rebate  and Passage of Single Payer New York Health Act Both Bills Are Opposed by Governor Kathy Hochul

“Gubernatorial candidate Lt. Governor Antonio Delgado has shown through his recent actions that he is listening to the electorate and is by far the best candidate to become the next governor of New York,” according to Ray Rogers, director of End Stock Transfer Tax Rebate Campaign. On December 22, 2025, candidate Delgado tweeted thousands of his followers, “For decades, Wall Street has made billions off New Yorkers — and paid nothing in stock transfer taxes. It’s time to collect the revenue already on the books and invest it back into our schools, transit, and communities. Let’s make the ultra-wealthy pay what they owe.”

https://x.com/DelgadoforNY/status/2003260011653558314

Repealing the Stock Transfer Tax Rebate, according to recent estimates from James Henry, Yale economist, tax expert and former Chief Economist at McKinsey & Co., would generate  $40 to $75 billion annually  in extra tax revenues earmarked to address the most critical needs of 20 million New Yorkers from the most destitute to the wealthiest, commented Rogers.

Under State Finance Law bills A1494-B Steck same as S1237-A Sanders, the tens of billions of dollars in new revenues generated would be earmarked in the following manner:

10% – Metropolitan Transportation Authority (MTA)…estimates range from $4 to $7.5 billion annually

5% – Division of Housing and Community Renewal …estimates $2 to $3.75 billion annually

5% – New York City Housing Authority (for the sole purpose of section nine housing)…estimates $2 to $3.75 billion annually

5% – Highway and Bridge Trust Fund (capital account)……estimates $2 to $3.75 billion annually

5% – AMTRAK…estimates $2 to $3.75 billion annually

5% – CHIPS (Consolidated Local Street and Highway Improvement Program)…estimates $2 to $3.75 billion annually

5% – SWAP (Safe Water and Infrastructure Action Program)…estimates $2 to $3.75 billion annually

5% – AIM (Aid and Incentives to Municipalities)…estimates $2 to $3.75 billion annually

5% – Downstate non-MTA Transit…estimates $2 to $3.75 billion annually

5% – Upstate Transit…estimates $2 to $3.75 billion annually

10% – Clean Energy Fund (via NYSERDA…estimates $4 to 7.5 billion annually

2.5% – City University of New York (CUNY)…estimates 1 to 1.875 billion annually

2.5% – State University of New York (SUNY) …estimates 1 to 1.875 billion annually

10% – Department of Education…estimates $4 to $7.5 billion annually

10% – Department of Health and Mental Health…estimates $4 to $7.5 billion annually

10% – Department of Agriculture / DEC / Parks & Recreation (reforestation)…estimates $4 to $7.5 billion annually

“Ending the Stock Transfer Tax rebate is the most important state legislation to pass in 2026 that would absolutely advance the safety and wellbeing of all New Yorkers for decades to come,”  Rogers said. “Passage would significantly meet the funding needs to maintain and expand public services that are on the minds of everyone especially in light of President Trump’s reprehensible funding cuts directed at New York.

 “Lt. Governor Delgado’s historic decision, if elected, to end the stock transfer tax rebate should motivate the majority of educated voters who believe in justice for all and that dire poverty, homelessness and crumbling infrastructure should cease to exist, to vigorously campaign and vote for him” added Rogers. “These bills to end the rebate will significantly help resolve the funding crises and lessen tensions plaguing residents in public and moderate income housing  in Mitchell-Lama and NYCHA complexes which house hundreds of thousands of residents and potential voters.”https://corporatecampaign.org/ray_rogers_bio.php

 Candidate Delgado’s “People First Agenda” also includes his outspoken support for the single payer New York Health Act  that would “Save Lives, Save Money, and Cover Every New Yorker” by Guaranteeing 100% Healthcare; No Insurance Premiums, Co-pays and Deductibles; Covers Medical, Dental, Vision, Hearing, and Long-Term Care. Patients Would Choose Their Doctors and Hospitals. Prescriptions Would be Covered. Families and Small Businesses Would Save Money. Doctors, Nurses, Hospitals and Other Healthcare Facilities Could Focus on Providing the Best Possible Care.

https://delgadoforny.com/plan/healthcare/

“It should be a no‑brainer for anyone running for office in New York to enthusiastically support repealing the Stock Transfer Tax Rebate and to ensure quality health care for all New Yorkers. Repealing the rebate would restore tens of billions in public revenue each year—revenue New York relied on for 75 years, from 1905 to 1981. In the 1970s, Wall Street used phony threats to pressure then‑Governor Carey and Mayor Abe Beame into refunding sales tax on stock transactions to financial power brokers. Since then, politicians have quietly returned roughly $600 billion to Wall Street, while the rest of us have endured almost 5 decades of austerity budgeting for vital services. It is criminal to allow these unjustifiable refunds to continue for another day,” argued Judy Jorrisch, a long‑time community activist and social‑justice advocate.”