The average American has nearly $95,000 in debt. This is on top of the fact that record millions of people remain unable to make any more money and are racking up even more debt because they are unemployed, underemployed, or have completely lost their small business due to government market manipulations, mandates, and restrictions under the guise of Wuhan CCP Virus protection. This all happened while state and local governments allowed billions of dollars in cumulative damages and losses to occur in their progressive stronghold cities due to perpetual violence and rioting throughout 2020 by anti-American forces like Antifa and BLM.
New York was one of the worst cities of the entire country in 2020, perpetually allowing some of the worst violence throughout the year while releasing most of the offenders who often reoffended multiple times. They also have an enormous scandal on their hands that goes all the way to the Governor himself, Andrew Cuomo, for their atrocious and corrupt handling of the Wuhan CCP Virus.
Instead of owning up to their mistakes and firing the people in charge, New York politicians and constituents have instead kept all of the same dictators in charge and stolen all the money they need from the rest of the country in order to to cover all of their unprecedented and self-inflicted 2020 losses.
The New York Post reports:
“The $1.9 trillion COVID-19 relief package passed by the US Senate wipes out New York State’s projected budget deficit — possibly negating the need for hefty tax hikes or spending cuts, Senate Majority Leader Chuck Schumer’s office said Monday.
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“Ok. Thanks to @SenSchumer NYS budget deficit for this year is…..Zero, nada, niete, zilch (NY terms),” Schumer spokesman Angelo Roefaro tweeted.
The American Rescue Plan provides state government coffers with $12.6 billion in unrestricted aid, a measure championed by Schumer, the New York senior senator. The measure passed the Senate in a 50-49 vote and is expected to clear the Democratic-led House of Representatives on Tuesday and delivered to President Biden for approval.”
The Biden administration admits that it doesn’t care that it is rewarding a state for gross mismanagement and corruption. In fact, the goal is to ensure that NY residance–including the wealthy, pay no additional state taxes. That means you are footing the bill, America, for the worst kinds of people and they aren’t even going to pitch in to help:
“Roefaro continued, “How NY decides its budgetary policy is a matter for the state legislature and the administration. Our job was to deliver resources to help NY confront and overcome Covid and it’s impacts, including the fiscal impact. And we did that fully and completely.”
Facing a multi-billion budget gap and a restive left flank in the state Legislature calling for massive tax increases on the rich, Cuomo proposed raising incomes taxes for the wealthiest New Yorkers to a top rate of 10.86%, up from 8.82%. New York City residents well-to-do pay a combined top state and local income tax rate of 14.7%, the highest rate in the nation.
But one budget analyst said there’s now no need for any tax increases at all with the geyser of federal stimulus funding flowing to New York from Washington.
“There’s no need for a tax increase,” said EJ McMahon of the Empire Center for Public Policy, who has long claimed that Cuomo was overstating New York’s fiscal woes.
He said the income tax on the wealthy proposed by Cuomo as part of his executive budget plan is “no longer necessary.”
McMahon said the federal aid is so large that it’s enough to avoid major tax hikes for the next two fiscal years.”
If this is supposed to be emergency funding for the most important things, why does it cover absolutely everything for the next two years? And, why is there no discussion of the massive nursing home scandal that involved perhaps 10s of thousands of deaths at the hands of a tyrannical Andrew Cuomo?
Your dollar, like America, is being devalued into nothing as billionaires reap all the rewards.
Hang in there, America. Eventually the levy will break.