Angry New Yorker

Tuesday, May 06, 2003
Taxed to Our Limit

"Mayor Michael Bloomberg and legislative leaders have earned a moment to pat themselves on the back after devising a plan to get the city and state through this year's disastrous fiscal crisis. The combination of income taxes for wealthier New Yorkers and sales taxes for everybody is the only politically workable route out of this year's $12 billion financial hole for the state and $3.8 billion for the city. Still, this is no time to break open the Champagne. If this package becomes law, the state and city will have pushed taxes up about as far as they can go, and there is another budget gap looming next year." [more] When even the New York Times thinks taxes are at their limit you know things are out of countrol.

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