De Blasio creates class warfare and class hatred.

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De Blasio creates class warfare and class hatred.

Post  fortuna on Mon Aug 07, 2017 7:01 am

De Blasio wants to tax the rich to pay for subway repairs
By Michael Gartland and Bruce Golding August 6, 2017 | 12:41pm | Updated
Modal Trigger De Blasio wants to tax the rich to pay for subway repairs
Chad Rachman
He said the subways weren’t his responsibility, but Mayor de Blasio now wants to tax wealthy New Yorkers to pay for everything from emergency rail repairs to low-cost bus and train rides for the poor.

De Blasio on Sunday unveiled an election-year pitch to raise $800 million a year for mass transit by soaking the rich with a nearly 14 percent tax increase on high-income Big Apple residents.

The proposed city income-tax hike would raise the rate for individuals making more than $500,000 and married couples earning over $1 million from 3.876 percent to 4.41 percent.

Hizzoner wants to earmark the bulk of the new cash to fix the decrepit subways and upgrade the bus system.

About $250 million would be used to subsidize half-price MetroCards for about 800,000 New Yorkers living in poverty.

“The top 1 percent can afford to do a bit more — and should, because a transit system that works makes New York City’s economy strong and benefits us all,” according to a City Hall press release on the plan.

The tax hike would amount to an additional $2,700 levy on an individual earning $1 million a year, and an additional $8,000 on an individual earning $2 million, according to City Hall.

The proposed increase — which would require the approval of the state legislature and mayoral nemesis Gov. Cuomo — marks de Blasio’s second attempt at class warfare on behalf of his political base of ultra-liberal Democrats and lower-income residents.


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