Posted on 12/09/2024 2:11:05 PM PST by ChicagoConservative27
New York Gov. Kathy Hochul has proposed a one-time $300 payment to individuals earning $150,000 or less, and $500 to couples making $300,000 or less, her office announced Monday.
In what would be the state’s first “Inflation Refund,” Hochul wants to send about 8.6 million New Yorkers a few hundred dollars starting in fall 2025 if approved by the legislature, an official press release stated.
Around $3 billion in taxpayer funds would be allocated for the payments, which the governor called a “break” for her constituents.
“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. “My agenda for the coming year will be laser-focused on putting money back in your pockets, and that starts with proposing Inflation Refund checks of up to $500 to help millions of hard-working New Yorkers. It’s simple: the cost of living is still too damn high, and New Yorkers deserve a break.”
(Excerpt) Read more at breitbart.com ...
NY State is like $170,000,000,000 in debt
She’ll tax the refund. It never ends.
Kathy Hochul. Super Genius.
It doesn’t come until fall of 2025...
Here in Georgia we get those when the State overtaxes. This i believe it’s $250 per tax payer $500 if married.
When is she up for re-election?
Fall of 2025?
Hmmm, by individuals might she include illegal aliens?
Every so-called “stimulus” giveaway payment increases inflation and the cost of goods enormously. It happened with all of those “stimulus payments” the feds gave out a few years ago. Sellers knew every buyer suddenly had two thousanad bucks in their pocket that they didn’t have a month ago. So guess what. The next time you went to the grocery store, all of a sudden a pound of ground beef was two thousnad bucks. Why? A raise in the money supply floats all boats. Not just yours. Only slightly exaggerating. But you get the drift.
If you wanted to understand leftist Economics you needed a degree in toiletology.
They flush everything down the drain.
Meanwhile, the minimum wage is going up...again...on January 1rst.
And guess who just got a raise...
Focus on the “related licensed positions”.
I’m betting the devil is in the details.
“ When is she up for re-election?
Fall of 2025?”
Don’t go there. my always puts in someone worse. Like Chicago just did
Yup—we have seen the same thing with the electric vehicle tax credits.
I am sure there are many more examples.
Actually, about $21K per person and in aggregate....
Source: NY Debt -- $432.4 billion and rising fast
So handing out "free money" is a fool's game. And Hochul is a fool.
If the Dems only solution is to hand out money to people, they are completely out of ideas.
Deep State doesn’t hire the front office appearance types for brains.
Also from NYS, Chemung County of P’Nut and Fred infamy...
Average per capita income in that county, per the Census Dept, is about $34 K.
But we’re all cash cows to Deep State.
We will now pay you to endure our incompetence.
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