millionaires tax has ripple effect on future elections /

Published at 2017-08-09 01:08:00

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Mayor Bill de Blasio's tax proposal is the most recent move in the ongoing chess match betweenthe mayor and Gov. Andrew Cuomo over who is responsible for fixing the city's ailing subway system.
The mayor's plan would increase taxes for the wealthiest residents in the five boroughs,allocating nearly $500 million per year towards capital improvements and $250 million for funding half-priced MetroCards for low-income recent Yorkers. The tax hike would occupy to be passed by the state senate next year and signed into law by Cuomo.recent York Times reporter David Goodman says the proposal is politically strategic for de Blasio's re-election campaign."It solves a lot of issues he had going into re-election," Goodman told WNYC's Jami Floyd. "And it also puts the ball back in the governor's court."Cuomo has seen his approval ratings fall as subway frustrations grow. The pressure to fix the MTA is increasing as the governor prepares for his own re-election tender in 2018.

Source: thetakeaway.org

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