A proposal that would hike taxes on
upper income earners in order to bolster mass transit spending in New York City is «dead on arrival» due to Republican opposition, Gov. Andrew Cuomo told reporters on Tuesday in Henrietta.
Currently, Flanagan and de Blasio are at odds on a new proposal from the mayor's office that would increase taxes on
upper income earners in order to bolster the New York City subway system.
Not exact matches
Hewitt is expecting these «crucial commitments» from a candidate who promised gargantuan
upper -
income tax cuts during the Republican primary, then said he wasn't necessarily a huge fan of his own tax cut proposal, and then engaged
in nonsensical double - talk about whether taxes would go up or down on high -
earners.
Weeks later, Cuomo and state lawmakers met
in a special session that ultimately shuffled the tax code and kept the surcharge
in place for
upper income earners and providing a rate cut for middle
income earners.
Flanagan has said he is opposed to keeping the surcharge on
upper -
income earners in place as backed by Cuomo.
To help balance a $ 3 billion deficit
in the 2011 - 13 budget, caused by munificent tax cuts to
upper -
income earners and corporations, Gov. Scott Walker and his Republican lawmakers cut state aid to schools by $ 792 million over two years.
New York was penalized
in the report for imposing higher tax rates on
upper -
income earners, as well as high property taxes.
Mr. Wright, however, was hazier on the details of how to reconcile such a moratorium with Mayor Bill de Blasio's plan to construct and maintain 200,000 units of affordable housing, which hinges
in part on re-zonings and outlays for
upper -
income construction that devotes 20 percent new units for low - and middle -
income earners — a plan Mr. Wright said he was «very much
in support of.»
While his promise to cut taxes, mostly to the benefit of
upper income earners, will probably lead to a short - term boost
in U.S. GDP growth, it also threatens to leave a significant shortfall
in federal tax revenue down the road — as much as $ 6.2 trillion over the next decade.
That,
in the middle of the global distribution (where people emit about 7 tCO2e per person per year), we find «the top 1 %
earners from Tanzania, the
upper middle class (7th decile)
in Mongolia and China as well as poor French and Germans (respectively 2nd and 3rd
income deciles,» and that, at the bottom of the global distribution, we have, for example, the poorest 7 % of the population of India, (at about 0.15 tCO2e).