Gothamist
A non-profit newsroom, powered by WNYC.
Gothamist
Listen Live
News
Tax Cut Is Pointless For New Yorkers
By
Jaya Saxena
Published Dec 13, 2010
Modified Dec 13, 2010
Share
FacebookTwitterRedditEmail
Never miss a story
Email address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .
By
Jaya Saxena
Published Dec 13, 2010
Modified Dec 13, 2010
Share
FacebookTwitterRedditEmail
We rely on your support to make local news available to all
Make your contribution now and help Gothamist thrive in 2026. Donate today
Gothamist is funded by sponsors and member donations
If you were excited that the proposed payroll tax cut (which is getting a test vote later today) would put a little extra money in your pocket next year, the Daily News has some bad news: the $67 to $178 a month you'll be saving will just go to things like fare hikes and parking meters. And though you would be left even more broke without the tax cuts, people are still complaining. One financial planner said, "It sounds like you'll be able to live a better life—but when you work it out, it doesn't create any new disposable income."
The News calculates that $100 will go to health care premiums, $30 to MetroCard fare hikes, $27 for rent increases and more for parking, food and expensive 3D movies. But though times are tough, Bloomberg tactfully told everyone to just shut up already. He said of Obama, "Leadership is about doing the possible, not sitting around and waiting for the perfect. He says, ‘Look, this is what I did, this is the best I can do. Suck it up.'" So just leave Obama alone! Bloomberg also said, "Democrats now, and Republicans then, spent more time and energy conducting partisan warfare than forging centrist solutions to our toughest economic problems." Like thoughts on the FDNY crash tax charging people for car crash assistance.
Tagged
mayor bloomberg
president obama
tax cuts
Jaya Saxena
Read more
Gothamist is funded by sponsors and member donations
Gothamist is funded by sponsors and member donations
MORE news
NY Archdiocese will soon settle $800M clergy sexual abuse claims
The deal would compensate over 1,300 alleged victims and help the church avoid bankruptcy.
By
Arya Sundaram
Published Oct 24, 2026 at 6:31 p.m. ET
Chinatown residents file lawsuit against after-hours construction on new 'mega jail'
Residents cite sleep disruption and dust-induced illness from nearly ‘round the clock’ construction.
By
Arya Sundaram
News
Chinatown residents file lawsuit against after-hours construction on new 'mega jail'
Residents cite sleep disruption and dust-induced illness from nearly ‘round the clock’ construction.
By
Arya Sundaram
Peepapalooza: NYC is heading to the Hudson Valley to watch the leaves
By
Elizabeth Shwe
and
Sean Carlson
NYPD: Officer shot, injured knife-wielding woman during ‘chaotic’ night at Queens home
By
Ryan Kost
3 slates vying to run Jersey City school board as city stares down major tax hikes
By
Michael Sol Warren
Never miss a story
Catch up on the most important headlines with a roundup of essential NYC stories, delivered to your inbox daily.
Sign upEmail address
By submitting your information, you're agreeing to receive communications from New York Public Radio in accordance with our Terms .