End of the $400 Property Tax Rebate
Since 2004, $400 rebate checks have been sent out to homeowners courtesy of the Bloomberg administration. Well, no more. The mayor is immediately axing the program, reports the NY Times, to help shore up the expected $4 billion budget deficit. Other quick fixes: raising personal income tax by as much as 15 percent; hiking the…
Since 2004, $400 rebate checks have been sent out to homeowners courtesy of the Bloomberg administration. Well, no more. The mayor is immediately axing the program, reports the NY Times, to help shore up the expected $4 billion budget deficit. Other quick fixes: raising personal income tax by as much as 15 percent; hiking the city’s portion of the state sales tax by as much as three percent; and charging a nickel for every plastic bag a consumer picks up at a store. “The mayor also detailed $1.5 billion in proposed budget cuts that would affect virtually every agency in city government,” they write. “The measures include closing libraries for a half day, eliminating dental programs and closing a clinic in East Harlem.” Should Wall Street rally and the economy heal, the mayor said, checks will go out again.
Mayor Cancels Rebates for Homeowners [NY Times]
Photo by tienmao.
richer or poorer, most everybody loved their $400 rebate.
Bloomie is not exactly getting his third term campaign off on the right foot with this. He can’t help it, he’s a self-righteous ass. I’m not voting for him. If he’s bored in his golden years, he should start a charity or thinktank, but leave us alone!
“A bonus check for being rich”? I’ll have to tell the 82 year-old widow living on social sercurity who lives next door to me that she’s rich and stop faking her poor economic standing…how dare she!!!
Also, cut council members slush funds, which seem to go to pay salaries in “charities” run by their relatives.
The truth is that the city government really can’t raise taxes on its wealthiest corporate citizens, in fact these companies have special tax deals and do not pay as much as small businesses and individuals. The reason? They threaten to leave the city, and they probably mean it. Sooooo, the tax burden as always is on small business and moderate earners. The rich have strategies to avoid taxes, and there are not that many of them compared to us peasants, who in the end are the ones to pay through the nose no matter what politicians say.
Tybur6,
Great way to prove a point. . . call me a “fool”.
Is that a debate tactic you learned from your messiah, Obama?
History is repeating itself. I wonder if Obama will put Carter on his cabinet too?
Let’s get back to the $400 “rebate”
Divide $400 by your gross income… what % are we talking about here?
I am a HUGE supporter of demanding value and accountability for the government programs and services and so is Bloomberg! It’s at the core of how he runs the city government. In contrast, the whining on this board about tax rates makes me angry. You seem to whine about how much money you get to keep (however little… $400… < 0.5%) rather than demanding the city, state, federal gov’t makes better use of the money they are given.
If you can increase the effectiveness/efficiency/impact of the gov’t by $400, then you can keep “your” $400. If not, hush.
Carol Gardens,
Did you listen to what Obama promised over and over again?
He’ll have to drastically raise taxes on folks in the higher income brackets.
Who do you think will be re-electing him in four years? 95% of the population or 5% of the population?
After his first six months in office, I won’t be the only anti-Obama poster on this website.
Thank you funstraw. I agree with everything you say!
And ironballs, you’re an alarmist that should really move to alaska or montana and live off-the-grid. Then you don’t have to deal with social problems, just how to keep your herd of goats happy in the winter and your micro hyrdo generator well oiled. The government can’t take your money if you don’t have any! Live off the land by yourself and you won’t have to worry about your neighbors. 70% tax rate. You’re a fool.
Typical stupid liberal Democrat trying to shore up a deficit by stealing from those who have sacrificed. I hope you PS trust fund liberals are happy with your Mayoral choice. And don’t tell me he’s a Republican. This rat bastard is a liberal.