Word: cuomo
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...York. By the estimate of one congressional study, loss of deductibility would add some $1,600 to the average 1987 bill of New Yorkers who itemize their returns, about half of the state's taxpayers. Calling the proposal "a crushing blow" that would "cripple" the state, Democratic Governor Mario Cuomo vowed to fight the disallowance provision with every means at his disposal. Those include a plea to New York City's generous political contributors, who help bankroll every national campaign and many important state races, to boycott fund-raising activities on behalf of candidates who support the measure. "This...
...fellow Californian in the White House. In San Francisco, which has no income tax but exacts hefty real estate levies, Mayor Dianne Feinstein, a Democrat, endorsed the overall Reagan plan as "a major step forward." Only in a few high-tax states in the Midwest did officials echo Cuomo's strong opposition to the loss of deductibility. Said Wisconsin Governor Anthony Earl, a Democrat: "If the federal government wants states to take on more responsibilities in education, in human services, in the environment, then they shouldn't penalize us for raising taxes to pay for them...
...York Governor Mario Cuomo gave the movement a big lift last week, proposing a bill that would require the state's pension funds to withdraw more than $4 billion now invested in stocks of U.S. companies that do business in South Africa. To help fund managers prevent sudden losses, the divestment would be phased in over five years and would initially not apply to companies that comply with a set of progressive employment practices known as the Sullivan principles...
...South African clergyman who won a Nobel Peace Prize for his opposition to apartheid, complained recently in Los Angeles that "people ought to stop using us South African blacks as alibis for not doing what they know they ought to do." At a lunch last week with TIME editors, Cuomo said, "There is no question that divestment has caught on." The Governor cited Tutu's current prominence as a major reason for the rising American interest. In Cuomo's view, Tutu is telling Americans that "you're patronizing us, you're wrong. We know we'll lose jobs. We know...
...deduct state and ; local taxes from their federal returns. To the outrage of politicians from high-tax states, this break would be wiped out by the Reagan plan, thus saving the Treasury $22 billion a year. By delivering "a really crushing blow" to New Yorkers, charges Governor Mario Cuomo, Reagan is attempting "governmental euthanasia...