Archive for the ‘Democrat’ Category
De Blasio Wont Rule Out Pushing Tax Increase on Pied-a-Terres
New York Mayor Bill de Blasio said hes still considering paying for affordable housing by seeking to raise taxes on wealthy non-residents who own luxury apartments.
One idea, proposed in September by the Fiscal Policy Institute, a union-backed research group, would raise about $665 million annually by requiring part-time New Yorkers to pay surcharges on dwellings valued at more than $5 million. Absentee owners pay no city or state income taxes.
There are a number of different proposals related to housing and affordable housing, but we have not ruled in or ruled out anything, de Blasio, a Democrat, said today during a news briefing in the Bronx.
The New York Post, citing an unidentified person, reported yesterday that officials in the de Blasio administration had ruled out a pied-a-terre tax because of the political challenges of getting it approved in Albany, where Republicans will control the Senate next year. De Blasio said the proposal is among several under consideration by his administration for a legislative agenda to be presented next month.
De Blasio, 53, assumed office Jan. 1 advocating a tax on incomes over $500,000 to pay for universal all-day pre-kindergarten, for which he failed to win state approval. The legislature agreed to give the city $300 million as part of a state-wide preschool program.
The mayor, who must present a preliminary budget for fiscal 2016 by the first week in February, has an agenda that includes 200,000 affordable-housing units, college scholarships, job training and reduced class sizes in schools.
The Real Estate Board of New York, the trade group for an industry that in 2012 accounted for 37 percent of the citys $41 billion tax revenue, opposes such a plan, saying it would harm the citys economy by suppressing investment, cutting jobs and lowering demand for high-priced apartment towers.
The United Federation of Teachers this week called for the city to pay for reduced class sizes by barring non-resident owners of expensive apartments from benefiting from tax abatements.
Senate Majority Leader Dean Skelos, a Long Island Republican, has said he opposes a tax increase on pieds-a-terre. Governor Andrew Cuomo, a Democrat who built a campaign treasury of more than $30 million by accepting donations from corporate executives and real-estate developers, campaigned for re-election vowing to reverse the mentality of New York as the tax capital of the nation.
For Related News and Information: Property Pros Fight NYC Tax on Wealthy Absentee Owners: Cities NYC Teachers Union Wants to Tax the Rich for Smaller Classes N.Y. Takeover by Republicans Seen Thwarting De Blasio
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De Blasio Wont Rule Out Pushing Tax Increase on Pied-a-Terres
Zroc-Young Democrat – Video
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Mary Miss Piggy Landrieu Lost and Democrat Mayor Encourages Voter Fraud – Video
Mary Miss Piggy Landrieu Lost and Democrat Mayor Encourages Voter Fraud
Mary Miss Piggy Landrieu Lost and Democrat Mayor Encourages Voter Fraud http://whatthefidiots.com/?p=1362 https://www.youtube.com/watch?v=RvdFUIDmg5A feature=youtu.be NEW COMEDY ...
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Mary Miss Piggy Landrieu Lost and Democrat Mayor Encourages Voter Fraud - Video
Another Democrat joins fight against Treasury pick
NEW YORK (CNNMoney)
She is the third Senate Democrat to join Sen. Elizabeth Warren's protest of President Obama's pick.
The role is an important policy-making position and the White House says Weiss' years on Wall Street give him "deep expertise in the financial markets" necessary for the role. He is currently the global head of investment banking at Lazard.
But Warren and other progressive Democrats say Weiss' work at the boutique investment house is a significant blemish. In particular, they object to his work on tax-saving corporate mergers where U.S. companies move their headquarters overseas.
"I'm troubled by Mr. Weiss's work on corporate inversions that place a tax burden on small businesses and middle class families and his lack of domestic regulatory experience and, as a result, I'm not convinced that he is the right person for the job," Shaheen said in a statement.
Related: Fed tells big banks to get more capital
Warren said giving Weiss the position would be yet another instance of putting Wall Street regulation in the hands of Wall Street. Warren said Obama "has repeatedly turned to nominees with close Wall Street ties for high-level economic positions," chief among them Treasury Secretary Jack Lew, formerly of Citibank.
Weiss' supporters say Wall Street experience is very relevant in this case. And one of his most prominent supporters, New York Times columnist Andrew Ross Sorkin, recently wrote, "He is hardly the prototypical banker."
Shaheen is the fourth Senator to oppose the nomination, joining Warren, Democrat Dick Durbin and Independent Bernie Sanders. As a more centrist Democrat, her objection is significant.
Mobilizing behind Warren is a progressive group, Credo, that is collecting signatures on a petition against Weiss. The petition to "Stand with Elizabeth Warren" against Weiss had collected 120,000 signatures as of midday Wednesday.
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Another Democrat joins fight against Treasury pick