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Kathy Hochul proposing giving New Yorkers a one-time payment to help deal with inflation
Posted on 12/9/24 at 3:33 pm
Posted on 12/9/24 at 3:33 pm
quote:
New York Gov. Kathy Hochul is proposing giving New Yorkers a one-time payment to help deal with inflation.
The direct payment to residents is the first proposal in her 2025 State of the State address, which she will deliver on Jan. 14.
Under Hochul's plan, New Yorkers would begin receiving the checks in the fall. The state will pay for the initiative using excess sales-tax revenue Hochul said.
Families making as much as $300,000 will get $500 while individuals earning $150,000 or less will receive $300, Hochul said.
"Because of inflation, New York has generated unprecedented revenues through the sales tax — now, we're returning that cash back to middle class families," Hochul said in a statement. "My agenda for the coming year will be laser-focused on putting money back in your pockets."
LINK
Dems giving taxpayers their money back is a first
35
Posted on 12/9/24 at 3:34 pm to stout
Crumbs…crumbs…
As an old dried up count once said.
As an old dried up count once said.
Posted on 12/9/24 at 3:36 pm to Tridentds
Vote buying too. She already said she is running for reelection in 2026
Posted on 12/9/24 at 3:37 pm to stout
Inflation, what inflation?!
Posted on 12/9/24 at 3:37 pm to stout
quote:
giving New Yorkers a one-time payment to help deal with inflation
Posted on 12/9/24 at 3:38 pm to ruzil
quote:
Inflation, what inflation?!
It's transitionary!
Posted on 12/9/24 at 3:38 pm to stout
Because it worked out so well a few years ago.
Freaking clowns.
Freaking clowns.
Posted on 12/9/24 at 3:42 pm to stout
quote:
Families making as much as $300,000 will get $500 while individuals earning $150,000 or less will receive $300, Hochul said.
Posted on 12/9/24 at 3:44 pm to ruzil
That $0.14 savings from the 4th of July wasn't enough?
Posted on 12/9/24 at 3:47 pm to stout
quote:
Families making as much as $300,000 will get $500
How the fack can you even start to claim you cant "survive" in NYC clocking in 300k or 150k
Thats such bullshite
Posted on 12/9/24 at 3:49 pm to stout
What a joke.
Nothing like fighting inflation with something that is guaranteed to cause more inflation.
To quote one of my favorite songs: "Fighting fire with unlit matches"
Does she truly not understand how economics works? Or is this just another cynical vote buying scheme, consequences be damned?
Don't get me wrong, I am always in favor of taxpayers getting their money back, but something tells me that's not what's truly at play here.
Nothing like fighting inflation with something that is guaranteed to cause more inflation.
To quote one of my favorite songs: "Fighting fire with unlit matches"
Does she truly not understand how economics works? Or is this just another cynical vote buying scheme, consequences be damned?
Don't get me wrong, I am always in favor of taxpayers getting their money back, but something tells me that's not what's truly at play here.
This post was edited on 12/9/24 at 3:51 pm
Posted on 12/9/24 at 3:51 pm to LJBurton
quote:
Nothing like fighting inflation with something that is guaranteed to cause more inflation.
How is returning money back to people guaranteed to cause more inflation?
If that were the case, inflation would skyrocket yearly during income tax season.
NY isn't printing new money.
Posted on 12/9/24 at 3:54 pm to stout
I tried to edit my posts for clarity, but I'm thinking I misunderstood the OP and didn't read the linked article. My mistake.
If they are truly getting their own money back, that's definitely not going to cause inflation.
If they are truly getting their own money back, that's definitely not going to cause inflation.
Posted on 12/9/24 at 3:55 pm to stout
Democrats are fricking retarded.
This post was edited on 12/9/24 at 3:56 pm
Posted on 12/9/24 at 3:56 pm to TDsngumbo
quote:
Handing out free money will certainly help combat inflation.
It's a return of state collected sales tax.
How will that cause inflation?
Posted on 12/9/24 at 3:59 pm to stout
quote:
Kathy Hochul proposing giving New Yorkers a one-time payment to help deal with inflation
They can't be this stupid, can they?
Pretending they are economically illiterate must be part of their grand scheme?
Posted on 12/9/24 at 3:59 pm to stout
How about lowering the sales tax and all other taxes? Clowns
Posted on 12/9/24 at 3:59 pm to Eighteen
quote:
How about lowering the sales tax and all other taxes?
Yea that will never happen
Posted on 12/9/24 at 3:59 pm to stout
Well where was that tax revenue going to go initially? Will New York now ask the federal government for assistance to help make up the difference? If taxes were meant to go directly back to the people who pay them, they wouldn't be taxes. It's got to be made up somewhere and knowing democrat politicians, the state will eventually ask the feds to help out because they're just in such a bad financial state (see what California tried). Eventually, it'll factor into inflationary prices one way or another.
Posted on 12/9/24 at 4:09 pm to stout
quote:
a one-time payment to help deal with inflation
quote:
Families making as much as $300,000 will get $500 while individuals earning $150,000 or less will receive $300
It's just almost insulting
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