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Tax Policy

Mamaroneck
Politics
Republicans Turn To Candidate Who Hopes To Be Westchester's First Female County Executive Republicans Turn To Candidate Who Hopes To Be Westchester's First Female County Executive
Republicans Turn To Candidate Who Hopes To Be Westchester's First Female County Executive Republicans in Westchester have tapped a candidate to take on incumbent Democratic County Executive George Latimer in the 2021 election. Longtime county employee Christine Sculti will look to upset Latimer in the November election, though she has never run for office, having formerly served under former County Executive Rob Astorino and former Yonkers Mayor Phil Amicone in differing capacities. The Westchester Republican County Committee noted that if she were elected, Sculti would be the first woman to hold the position, and the first nominated by a major party to run for the office. “Our…

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by Zak Failla
DV Plus - Westchester
Politics
This Politician's Unaccustomed To Challenges At The Polls This Politician's Unaccustomed To Challenges At The Polls
This Politician's Unaccustomed To Challenges At The Polls Greenburgh Supervisor Paul Feiner will not say it out loud to news reporters, but he is facing his toughest challenge in many years on Tuesday, Nov. 5 Turnout for early voting in the town has been reported as strong and Feiner, a Democrat, has not had a challenge in the November general election since 2007. An estimated 1,300 residents already have voted. About 10,000 can be expected to vote townwide through Tuesday. The last time Feiner faced any opposition was in the 2013 Democratic primary election, which Feiner won.  In earlier interviews, Feiner has acknowledged that independent …

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by Jon Craig
Somers
Politics
People Are Fleeing NY 'Because Of High Taxes And Yes, Even Oppression Of Sorts,' Trump Says People Are Fleeing NY 'Because Of High Taxes And Yes, Even Oppression Of Sorts,' Trump Says
People Are Fleeing NY 'Because Of High Taxes And Yes, Even Oppression Of Sorts,' Trump Says President Donald Trump is accusing the New York Attorney General’s office of illegally investigating the National Rifle Association's finances, alleging that this is part of the reason the state has seen a recent exodus of residents moving away. On Saturday, April 27, New York Attorney General Letitia James' office announced that it had launched an investigation into the NRA and had issued subpoenas to the organization, but did not confirm what the probe was in regard to. "The NRA is under siege by (New York Gov. Andrew) Cuomo and the New York State A.G., who are illegally using the S…

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by Zak Failla
White Plains
Lifestyle
New York Population Losses Now Spreading To NYC, Westchester, Nassau Counties New York Population Losses Now Spreading To NYC, Westchester, Nassau Counties
New York Population Losses Now Spreading To NYC, Westchester, Nassau Counties The mass exodus of residents leaving New York State is not exclusive to upstate, and has spread to the New York City, Westchester and Long Island. The U.S. Census Bureau’s 2018 population estimates are out, and the numbers show that nearly 50,000 New Yorkers left the Empire State, with a notable increase in Nassau and Westchester counties. In total, statewide, 48,500 people left New York, which was one of just nine states to lose population over the previous year - a 0.25 percent decline that leaves the state’s population at approximately 19.5 million people. It is the third straight year …

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by Zak Failla
Fairfield
Politics
Push To Repeal Estate Tax Gaining Ground In Connecticut Push To Repeal Estate Tax Gaining Ground In Connecticut
Push To Repeal Estate Tax Gaining Ground In Connecticut Pressure is reportedly mounting on Connecticut lawmakers to possibly repeal the controversial estate tax. Connecticut is one of 12 states, plus the District of Columbia, that impose an estate tax that applies to estates that are worth more than $2.6 million in 2018, which rose to $3.6 million this year. There is also a $15 million estate tax cap, no matter its value. The exemption grows to $5.1 next year, $7.1 in 20221 and $9.1 million in 2022. According to multiple reports, there may be bipartisan support for legislation that would potentially repeal or alter the estate tax. Both Democrat…

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by Zak Failla
White Plains
Politics
Ocasio-Cortez Defends Her 70-Percent Billionaires Tax Rate Proposal Over Ice Cream With Colbert Ocasio-Cortez Defends Her 70-Percent Billionaires Tax Rate Proposal Over Ice Cream With Colbert
Ocasio-Cortez Defends Her 70-Percent Billionaires Tax Rate Proposal Over Ice Cream With Colbert Another prominent New York politician took center stage on “The Late Show with Stephen Colbert,” taking aim at some of the nation’s wealthiest. Freshman Congresswoman Alexandria Ocasio-Cortez (D-Bronx/Queens), a 2007 Yorktown High School graduate, appeared on the CBS late night show on Monday to debunk rumors regarding her proposed 70 percent marginal income tax, which would target multi-millionaires.  “When we talk about a 70 percent marginal tax rate,” she said to Colbert. “It’s not on all of your income. It’s on your 10 millionth and one dollar. So after you make 10 million dol…

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by Zak Failla
Greenwich
Politics
New Poll: Underdog Stefanowski Now Pulls Ahead In CT 'Blue State' Governor's Race New Poll: Underdog Stefanowski Now Pulls Ahead In CT 'Blue State' Governor's Race
New Poll: Underdog Stefanowski Now Pulls Ahead In CT 'Blue State' Governor's Race In a so-called "blue state," Republican underdog Bob Stefanowski has pulled ahead of Democrat Ned Lamont for the first time in the governor's race, according to a new poll released Thursday by Sacred Heart University.  The telephone survey found Stefanowski of Madison favored by 40 percent of likely voters, compared to 37.6 percent for Lamont of Greenwich and 9 percent for independent Richard "Oz" Griebel.  Stefanowski's lead for the first time in the campaign attracted national attention on Friday, Nov. 2 when the Republican Governors Association (RGA) issued a rapid respons…

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by Jon Craig
Fairfield
Politics
'Trumponomics' Factor: Stefanowski Treads Fine Line 'Trumponomics' Factor: Stefanowski Treads Fine Line
'Trumponomics' Factor: Stefanowski Treads Fine Line Will President Trump help or hurt Bob Stefanowski in the Tuesday, Nov. 6 election for governor? In campaign ads and televised debates, Stefanowski has managed to display himself as an independent thinker. But the former corporate executive has not been shy about espousing economic policies that resemble Donald Trump's, like scorning taxes and tolls. Also like Trump, the 56-year-old Stefanowski of Madison often fails to provide details to back up his rhetoric, according to his 64-year-old Democratic challenger Ned Lamont of Greenwich. During gubernatorial debates, Stefanowski passed on oppo…

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by Jon Craig
Fairfield
Politics
How Stefanowski Has Closed In On Lamont In 'Real Nail-Biter' Governor's Race How Stefanowski Has Closed In On Lamont In 'Real Nail-Biter' Governor's Race
How Stefanowski Has Closed In On Lamont In 'Real Nail-Biter' Governor's Race A new public opinion poll released on Tuesday, Oct. 30 confirms that Republican gubernatorial candidate Bob Stefanowski has closed on Democrat Ned Lamont, making the race a statistical tossup. The Quinnipiac University poll of likely voters found that Lamont’s lead over Stefanowski has shrunk by half to four percentage points, within the margin of error. It also found that last week's undecided voters are beginning to make up their minds about who to elect on Nov. 6. Only four percent of likely voters remain undecided in the Quinnipiac poll, but 13 percent of those who preferred a candidat…

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by Jon Craig
White Plains
Politics
Latimer Finds A Long Island Partner In Challenge To Proposed IRS Suburban Tax Increase Latimer Finds A Long Island Partner In Challenge To Proposed IRS Suburban Tax Increase
Latimer Finds A Long Island Partner In Challenge To Proposed IRS Suburban Tax Increase Westchester County Executive George Latimer is teaming with other elected officials in New York in a partnership to fight recently proposed regulations that could impact suburban homeowners come tax season. This week, Latimer and Suffolk County (Long Island) Executive Steve Bellone announced their partnership, calling on the IRS to amend proposed regulations that would “significantly limit the ability of homeowners and individuals’ from being able to deduct state and local taxes (SALT) on their federal tax returns." “While the Federal Government claims only 5 percent of the nation will…

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by Zak Failla
Greenwich
Politics
Gloves Come Off In Governor's Debate Gloves Come Off In Governor's Debate
Gloves Come Off In Governor's Debate Neither gubernatorial candidate pulled punches on Wednesday night in the first of four debates before the Nov. 6 election. Republican Bob Stefanowski of Madison came out swinging by labeling Democrat Ned Lamont as a clone of Gov. Dannel P. Malloy.  "Dan Malloy has absolutely ruined this state. With Ned Lamont, it's actually going to be worse,'' Stefanowski said. "He's going to raise taxes and put up tolls."  Lamont, a cable TV entrepreneur from Greenwich, swung back by saying he has heard no details about how Stefanowski would pay for his promises including income tax cuts. …

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by Jon Craig
Norwalk
Politics
Wealthy CT Residents Will Be Hit Hard By GOP Tax Bill, Study Says Wealthy CT Residents Will Be Hit Hard By GOP Tax Bill, Study Says
Wealthy CT Residents Will Be Hit Hard By GOP Tax Bill, Study Says A new study finds that Connecticut has had the third most millionaires in the U.S. for the last seven years. That means that the GOP tax bill will have a greater impact on wealthy residents in the blue states, the study says. The 2017 Phoenix Wealth & Affluent Monitor (W&AM) shows that as of mid-2017, the top 1 percent of U.S. households -- those having $5 million or more in investable assets or liquid wealth -- increased by eight percent to more than 1.1 million. The richest Americans are concentrated in states that were carried by Democrats in at least three of the last four pres…

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by Cecilia Levine
Hackensack
Politics
Wealthy New Jerseyans Will Be Hit 2nd Hardest In U.S. By GOP Tax Bill Wealthy New Jerseyans Will Be Hit 2nd Hardest In U.S. By GOP Tax Bill
Wealthy New Jerseyans Will Be Hit 2nd Hardest In U.S. By GOP Tax Bill A new study finds that New Jersey has had the second most millionaires in the U.S. for the last seven years. The 2017 Phoenix Wealth & Affluent Monitor (W&AM) shows that as of mid-2017, the top 1 percent of U.S. households -- those having $5 million or more in investable assets or liquid wealth -- increased by eight percent to more than 1.1 million. The richest Americans are concentrated in states that were carried by Democrats in at least three of the last four presidential elections, according to the study.  That means that the GOP tax bill will have a greater impact on wealthy r…

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by Cecilia Levine
Armonk
News
Lowey Will Bring Hudson Valley Dreamer To Trump's State Of Union Address Lowey Will Bring Hudson Valley Dreamer To Trump's State Of Union Address
Lowey Will Bring Hudson Valley Dreamer To Trump's State Of Union Address U.S. Rep. Nita Lowey, a Harrison Democrat who represents Westchester and Rockland counties, said she will bring Pearl River resident Hugo Alexander Acosta Mazariego, a so-called "Dreamer," as her guest at Tuesday’s first State of the Union address by President Trump. “I want to be clear: Dreamers are Americans,” Lowey said in a news statement. “They contribute to our economy, our communities, and our strength and stability as a nation. Hugo is no exception. When I read Hugo’s letter to my office, I was inspired by his life’s story, his courage to speak out, and his love for the Uni…

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by Jon Craig