Stock transfer tax would boost budget
Gov. Andrew Cuomo remains opposed to legislation Assemblyman Phil Steck has sponsored for years that would restore the stock transfer tax and raise $12 billion to $15 billion dollars in state revenues annually, and, by itself, largely eliminate the revenue shortfall that has afflicted the state government since the COVID-19 pandemic began in March.
The tax is a puny one-quarter of 1%. Most of us pay a combined state and local sales tax of 8% (32 times larger) on many of our purchases. The state collected this tax from the 1910s until the early 1980s, but for nearly forty years, has immediately refunded it.
Only a tiny percent of us would pay this tax. Restoring the tax would also have the desirable impact of greatly reducing Wall Street speculation by those who quickly buy or sell stocks when prices change infinitesimally.
This would help stabilize Wall Street and the economy.
Due to cutbacks in revenue transfers from the state government since last spring, county and municipal governments, school districts, and not-for-profits who depend on state revenues, have been forced to freeze or reduce salaries, fire workers, and reduce services. The public benefit of restoring all these entities to fiscal health far outweighs the pinprick those who would again pay the tax would endure.
Restoring this tax would stimulate the state’s economy. It is way past time for the state legislature to restore the stock transfer tax.
Grateful for staff at Ellis Hospital for care
I want to thank the staff at Ellis Hospital for their excellent care and treatment given to my husband recently. The following doctors: P. Jaworowski, K. Coleman, A. Morgan, S. Piacentine, S. Shahata, and G. Vassolas; nurses: M. Autida, M. Bilby, L. Hermo, J. Poissant, and also the professionals in the Emergency Room.
The medical services he received at Ellis from the day he was admitted to the day he was discharged were exceptional.
I also want to acknowledge our primary doctor, Dr. Steven Goldberg at Community Care Physicians and his staff.
Want covid gone? Keep wearing masks
Those of you who don’t believe in using a mask have to be crazy.
Aren’t you looking at the statistics where thousands are dying every day? It’s no joke.
Don’t you realize that by not wearing a mask that if you have it, you will be spreading it to your family and friends.
We will never get rid of it if you who don’t wear a mask will keep on spreading it to everyone you’re in contact with.
Board should resolve to be transparent
It is time for the Rotterdam Town Board to make a New Year’s resolution for 2021.
They just cannot seem to get the meeting agendas and supporting documentation ready on time.
They have developed a nasty habit of releasing the required information the day of the meeting.
The customary practice was to cut off any new resolutions the Friday before the scheduled meeting so that the town board and more importantly the public could be better informed.
A fine example of this was the Dec. 9 town board meeting.
There was NO draft agenda, and the final agenda was released 10 minutes before the start of the 7 p.m. meeting.
So much for open government.
So their New Year’s resolution should be to cut off any new agenda items on the Friday before the scheduled meeting, which was always the customary and accepted practice prior to 2012. “Happy New Year”
Life savers deserved Person of Year title
Time magazine went political this year and picked Joe Biden and Kamala Harris, who have done nothing in 2020 to deserve the title of Person of the Year.
The person or persons who deserve this title are saving lives —doctors, nurses and essential workers. These people are the front line warriors like my daughter, a nurse, who goes in every day to take care of the patients with the virus in the nursing home. Shame on Time magazine.
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