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I'm howie hawkins the Green party candidate for governor and I'm here today to talk about how we can fix our subways we're down here at Union square by the subway exit. The station where the temperature got up to a hundred and four degrees. Last week and so there's a lot of improvement needs to be done to the station, but we're working with technology in the subways that was built in the 19 30 and wow governor cuomo and build a blast to point fingers at each other about how to fund the fix for the subways the subways are falling apart they need to get together and come up with the plan but since they're not the Green party has a plan first of all the man who was recently appointed President transit authority and the piper has a fast forward plan that would fix the signals and switches and make the stations handicap accessible it's uh oh 19 billion dollars of first five years at eighteen billion the second five years to make those improvements yeah it's called the Playing in the regional plan Association says it will take 62 billion dollars to extend the transit system to transmit deserts around the city. So that's 99 billion so we just called a hundred billion that we need over the next decade. Maybe next, 15 years and then the question is how are we gonna get it and we're talking about a variety of sources, both ecological and Progressive income taxes, congestion, pricing, carbon tax, land value, taxation and increase taxes on the income stock trades of the wealthy and Besides fun in the capital budget that I just described about that taxation will provide more stable budgeting for the operating budget so we can reduce fares even make them free for people like they do in a lot of cities around the world to create instead of the music world class transit system. Instead of filling the streets with cars that pollute the environment and heat up the planet. Now the problem we got right now is the carl's too much money is like, for Wall Street 60 percent of the Operating budget of the is debt service paying for borrowing from Wall Street, the funding to cover the operating budget and over half of the capital budget is borrow it's better to tax the rich upfront in a borrowed money from them and pay no interest for it. It cost the average taxpayer more in the end now the problem we got right now is more interested in getting to the subways with all these ages and cars and clean up the subway same with the plans to ride the subways and you do a quick photo I'm saying they're doing something when they're not when it needs a long term commitment To fix the subways the fact is, since I've been in office, he's neglected the he started the funds. It isn't rated. He has even rated the budget to fund other projects and people wonder why the deteriorate you know if people like him in the road the day might understand why people can swing. We wanna get late to their appointments to work in the other things they got to do because the system can't stay on time so let's talk about This is where we're gonna get. This hundred billion dollars first of all, the congestion pricing, the carbon tax and the land value tax. We can call them ecological taxes because they tax and resource depleting or environmentally damaging activities that diminish the commonwealth of finite land. Air water and eco systems that we all depend on, but we need more Than just those taxes, they can't fun everything we need, including the subways, because the rich are paying their fair share. The rich than one percent in this city got 12 percent of our income in 19 eighty today to get 41 percent imagine a dollars worth of pennies and there are a hundred people. This is how distributed rich guy takes 41 for himself and then he throws the other 59 out onto the ground for the other 99 people to scramble for and get one of those pennies that's way to distribution of income is goes rich. People that's getting at 40 17 To pay more like they used to so that means, first of all, we got to claw back the trump tax cuts from the companies. That's a total of 10 million dollars. So when father getting they can keep it, if they raise workers pay, they create new jobs. If they don't climb back from the public Treasury the stock transfer tax up to 16 million dollars a year that is collected by the state is pennies on the trade and then rebate. It right back to the Wall Street traders and total body strength. My computer pennies on the trade Pay it that will provide up to 16 million dollars for the state budget, including the subways and then we need to restore the more Progressive income tax structure. We have before como and photography and almost father flat on the Progressive tax structure. They doubled the lowest rate from two to four percent and cut the top rate in more than half. We go back to the old structure and add brackets for the multi millionaire incomes. We can generate 10 million dollars more a year so right. There 15 million from the stock transfer text 10 billion from the more Progressive income Contacts and 10 million from the windfall trump tax cuts right. There we've got 35 billion dollars that would fund the whole fast forward plan. But we have other things, nature needs about 32 billion dollars over the next five years. Just to get the mold and let out fix the elevators fix the roof fix the borders so we have crumbling infrastructure all around us, but we have the money in our economy to do it the congestion pricing is a great idea itself. We cover the cost of this fast Forward plan because one and a half billion dollars of revenue, a year for 11 52 round trip price into the percent of business district below 60 sixth Street, that would generate enough income. That you could want to. It. But it's better like I said the text. Richard front in the borrow from them and pay no interest for it costs more in the end and finally, land value taxation when the public makes investments like subways the value of land around the subway improvement sky rockets and that becomes under Income for the land owners they didn't do anything for it was public investment that created that should be tax back and put in to the common wheel actually, governor cuomo talked about it around penn station is being done. A little bit in East New York with the resulting in hudson yards. My issue with that is they set up transportation improvement districts and recycled attacks right back into the district from which it came and at least the rest of the city out and governor for most talking about the proliferation of all these governments. He thinks it cost money well, let's just put that into the common uh Treasury Common general fun and then allocate that for all the needs. We have rather than eliminating the district it's a good idea that needs to be pursued in the last taxes. The carbon tax there was a study on the modest carbon tax done a couple of years ago that would have generated seven billion dollars a year in income that was 35 dollars of tons, starting at 20 21 going up to 75 dollars in 20 30 degrees think that's not strong enough and we've actually participate in the drafting legislation that's a bill now before the uh State Assembly that was started 35 dollars and time to go up to 15 dollars a year for 10 years. 200 eighty five dollars a ton. So that we generate more than seven billion dollars. So there's. Another big chunk of money here's money for these infrastructure improvements there's money for these improvements that we need to set the uh New York city metropolitan transportation authority the problem is while performing the point in each other, get the money we all know where the money is the rich have it. They need to pay their fair taxes. We need to congestion price uh pricing. We need to land value tax and we Need a carbon tax tax. We do those things and we'll have plenty of money to fix the subways and we gotta do it quick because they were breaking down so any questions who is it like riding the. Subways. These days, uh well, you gotta leave early because you can't count on the subway being on time that's right. I lift. I came over from brooklyn the Union square I'll left the hour and a half early just to make sure the I'll be on time for my own news conference and that just sits in the people's time they should be able to expect to get where they're going when the subway says they are to get there so that's what it's like Ride the subways and then uh the buses, the same yeah yeah bus is the same thing. Um you know we're using eighty year old technology for switches and signals and you know it's really infuriating, because for the last 40 years Democrats and Republicans running the state have started the public sector, including the subway system and we gotta second-rate subway system. You go around the world, your world class New York city should be world fast, but it's gonna take some money and the rich got to start paying their share again and then we need to get a logical tech Congestion, pricing carbon tax, land value, tax. This is the subways the mayor's responsibility. What is the governor have to do. This other. The governor has major responsibility, points more people, the appointed Andy by fruit who came up with this fast forward recommendation and the first thing cuomo says the city's got paid for half of it. This is already paying for 70 percent of the operating budget and New York city is the engine of the New York state economy really the multi state regional economy and the subway systems are key to that because this economy wouldn't work without the working class and they gotta get to work and if they had to work on time, things begin to get screwed up in the economy So this is the responsibility it's on promo shoulders look he's been raising money from the the front of their little pet projects. It's his responsibility and that's why we need to replace them with the Green party is committed to world class subway service. it's