Bloomberg: I don't support millionaire's tax

Monday, March 14, 2011 - 02:31 PM

Mayor Michael Bloomberg told reporters (including WNYC's Richard Yeh) today that he's not backing the Assembly Dems' proposal to re-up higher tax rates for those earning a million dollars and up, even if the extra revenue were directed to New York City.

You want to drive business out, you raise taxes. That's just not a good strategy right now. Sometimes you can raise taxes, sometimes you have to lower them. I think at this point, the governor's made a commitment that there would not be any tax increases, so I don't know that it's terribly important what the rest of us think. The governor's going to do this, and I will support him in that.

The higher income tax rate, which currently affects those who earn $200,000 and up, is set to expire at the end of the year.


More in:

News, weather, Radiolab, Brian Lehrer and more.
Get the best of WNYC in your inbox, every morning.

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.


"The Capitol Pressroom" with Susan Arbetter at 11 am

For show archives, please visit The Capitol Bureau's website here.

About The Empire

Everything you need to know about New York politics and governance. We aim for a ground-up approach to politics, reverse engineered to make the effect just as important as the players and the game they play. From the Long Island to The Thousand Islands, New York City Hall to the Capitol Building, The Empire's got you covered.

Check out WNYC's 2013 Mayor Tracker--the one-stop shop for info about the candidates, issues and trends in the upcoming New York City mayoral election.


Our Reporters


Supported by