If they don't get tax dollars from corporations and rich individuals, they are coming after YOU for the difference.
HAVE YOU WOKEN UP YET?
NYC Mayor Pushes for Tax on the 1 Percent to Fund Subway Fix
THE ASSOCIATED PRESS (COLLEEN LONG)
August 6, 2017, 1:42 PM CDT August 6, 2017, 2:27 PM CDT
New York (AP) -- The mayor of New York City wants to tax the wealthiest 1 percent to fund repairs and improvements to the beleaguered subway system.
The proposal comes as Mayor Bill de Blasio and Gov. Andrew Cuomo, both Democrats, continue to squabble over responsibility for paying for repairs to the nation's largest transit system that has seen growing delays, mechanical failures, power outages and even derailments.
Metropolitan Transportation Authority Chairman Joseph Lhota recently unveiled an emergency plan to stabilize the system. The governor offered to split the cost of the plan with the city, but the mayor refused to commit money to support it...
The mayor's tax plan is meant as a long-term solution, not a quick fix, he said. It aims to generate nearly $800 million annually with the bulk of the money going toward capital upgrades to subways and buses, and must be approved by state lawmakers. A formal announcement was expected Monday.
"Instead of searching for a quick-fix that doesn't exist, or simply forking over more and more of our tax dollars every year, we have come up with a fair way to finance immediate and long-term transit improvement," de Blasio said in a statement Sunday.
The tax would increase the top income tax rate from about
3.9 percent to 4.4 percent for married couples who make more than $1 million and individuals making more than $500,000, city officials said. It would affect about 32,000 of New Yorkers filing taxes in the city, or just less than 1 percent, officials said.
...
https://www.bloomberg.com/news/arti...s-for-tax-on-the-1-percent-to-fund-subway-fix
HAVE YOU WOKEN UP YET?
NYC Mayor Pushes for Tax on the 1 Percent to Fund Subway Fix
THE ASSOCIATED PRESS (COLLEEN LONG)
August 6, 2017, 1:42 PM CDT August 6, 2017, 2:27 PM CDT
New York (AP) -- The mayor of New York City wants to tax the wealthiest 1 percent to fund repairs and improvements to the beleaguered subway system.
The proposal comes as Mayor Bill de Blasio and Gov. Andrew Cuomo, both Democrats, continue to squabble over responsibility for paying for repairs to the nation's largest transit system that has seen growing delays, mechanical failures, power outages and even derailments.
Metropolitan Transportation Authority Chairman Joseph Lhota recently unveiled an emergency plan to stabilize the system. The governor offered to split the cost of the plan with the city, but the mayor refused to commit money to support it...
The mayor's tax plan is meant as a long-term solution, not a quick fix, he said. It aims to generate nearly $800 million annually with the bulk of the money going toward capital upgrades to subways and buses, and must be approved by state lawmakers. A formal announcement was expected Monday.
"Instead of searching for a quick-fix that doesn't exist, or simply forking over more and more of our tax dollars every year, we have come up with a fair way to finance immediate and long-term transit improvement," de Blasio said in a statement Sunday.
The tax would increase the top income tax rate from about
3.9 percent to 4.4 percent for married couples who make more than $1 million and individuals making more than $500,000, city officials said. It would affect about 32,000 of New Yorkers filing taxes in the city, or just less than 1 percent, officials said.
...
https://www.bloomberg.com/news/arti...s-for-tax-on-the-1-percent-to-fund-subway-fix
