From CBS New York:State Gov. Andrew Cuomo has decided to support the minority position of his own tax commission when it comes to providing a property tax credit to renters across the state, with most of the break going to New York City tenants.
Including renters in his property tax-cutting plan along with home owners would strike a political balance that could get his proposal through the Legislature.
Cuomo’s commission supported his goal of reducing property taxes upstate and in the New York City suburbs, where residents pay some of the nation’s highest taxes. A Cuomo spokesman said Monday that the governor will also push a tax credit for renters statewide.
Cuomo said it is too early to say how much of a benefit renters could see in 2014, which is an election year.
15 comments:
Anything to get re-elected.
How about tax breaks for ponzi scheme players ?
Since when have renters been given a tax bill to pay?
Since when have renters been given a tax bill to pay?
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B I N G O !
more tweeding to buy votes. Give something to 75% of the population at the expense of the other 25% is the way to win an election.
Not to mention, renters already benefit from property tax breaks. The less tax the building owner pays, the less he needs to collect in rent. So now renters will basically be able to double-dip. Enjoy the lower rent thanks to the owners lower tax costs, then take a second bite just for himself!
It would reduce their income taxes. Why is this so hard to understand?
Why do I get the feeling that Cuomo is trying his damndest to screw the soon to be mayor?
Why should renters get an income tax break?
Why shouldn't they? Developers get free land and lots of corporate welfare. Spread the love.
Crappy...so you are just another central planning schemer? Why cant you just let the free market work !!!!?!
Exactly. Let the free market work. Stop giving tax breaks to multimillionaire developers.
How about tax breaks for two family home owners who continually get shafted to pay for the ENTITLEMENTS to millionaire luxury condo dwellers, WHO PAY NO TAX.
Hah Cuomo, you piece of crap, you!
But owners don't.
Hell no, rent control beneficiaries should pay a property tax on the net present value of their hideous benefit
Where are these lower rents in queens?? ghetto jamacia?
Where's Jamacia? Is that a new community?
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