Meaghan M. McDermott Rochester Democrat and Chronicle Published 2:06 PM EST Mar 1, 2019 Making the state's property tax cap permanent is one way to fight back against New York's anti-business reputation and keep adding fuel to the state's ongoing economic resurgence, Gov. Andrew Cuomo said during a visit to the Rochester area on Friday. The cap "has saved the state $25 billion, it has saved the Finger Lakes about $6 billion in taxation, and this year in this budget we need to make the property tax cap permanent," he said, speaking before a crowd at the Louis S. Wolk JCC of Greater Rochester in Brighton. The stop was part of his Tax Fairness for the Middle Class Campaign. Enacted in 2012, the tax cap limits the annual growth of local property taxes to about 2 percent. It is scheduled to expire in 2020. But, Cuomo said, it is especially important to make that cap permanent in light of federal tax legislation that imposed a $10,000 limit on federal deductions for state and local … [Read more...] about Cuomo calls for permanent property tax cap, middle class income tax cut
Middle class house design
Scott Benson – City Council District 3 Jose King is experiencing a growing problem in Detroit, but it’s a good problem to have. When city officials announced that a new automotive manufacturing plant would bring 500 jobs to Detroit’s east side, Jose – a Generation Z (twenty something) GED recipient from Detroit Public Schools Community District’s Adult Education East Campus (class of 2016) and former employee of Walmart – was one of the first to get a job. His new position also included a 40 percent pay increase and a robust benefit package. With his newfound prosperity, Jose immediately looked to improve his quality of life – by moving out of the city of Detroit. Right away, I started digging in my Detroit toolbox to help Jose find an affordable housing solution suitable for a new member of Detroit’s middle class. The tool that I found is the Neighborhood Enterprise Zones Homestead (NEZh) program, which was established by … [Read more...] about Benson to Detroit: We need a landing zone for our growing middle class.
The realtor.com data team set out to find the markets with the highest share of homes that a middle-income family could reasonably afford to purchase. Lance Lambert, provided by Published 5:00 am CST, Monday, November 12, 2018 Photo: IStock; Realtor.com Photo: IStock; Realtor.com Image 1 of / 1 Caption Close Image 1 of 1 Photo: IStock; Realtor.com 10 Surprising Cities Where a $60K Middle-Class Salary Can Snag a Sweet Home 1 / 1 Back to Gallery Can America's stressed-out, fought-over, cash-strapped middle class still afford to buy homes? That's the megamillion-dollar question these days. Because while the economy is strong and wages are rising, these gains are being left in the dust by runaway home prices. Combined … [Read more...] about 10 Surprising Cities Where a $60K Middle-Class Salary Can Snag a Sweet Home
By Associated Press | | PUBLISHED: June 21, 2011 at 12:00 am | UPDATED: August 28, 2017 at 9:31 am WASHINGTON — President Barack Obama’s health care law would let several million middle-class people get nearly free insurance meant for the poor, a twist government number crunchers say they discovered only after the complex bill was signed. The change would affect early retirees: A married couple could have an annual income of about $64,000 and still get Medicaid, said officials who make long-range cost estimates for the Health and Human Services department. Up to 3 million more people could qualify for Medicaid in 2014 as a result of the anomaly. That’s because, in a major change from today, most of their Social Security benefits would no longer be counted as income for determining eligibility. It might be compared to allowing middle-class people to qualify for food stamps. Medicare chief actuary Richard Foster says the situation keeps him up at night. “I … [Read more...] about Middle-class early retirees can get nearly free Medicaid at 62 in Obamacare loophole
Sections SEARCH Skip to content Skip to site index Book Review Subscribe Log In Subscribe Log In Advertisement Supported by Nonfiction Buy Book ▾ Amazon Local Booksellers Barnes and Noble When you purchase an independently reviewed book through our site, we earn an affiliate commission. ByEmily Cooke July 9, 2018 SQUEEZED Why Our Families Can’t Afford America Over the months that I was pregnant, my overriding fear was that I would not be able to afford a child. How much do diapers cost? I asked a friend with a 1-year-old, as if the answer wasn’t online. She couldn’t answer; diapers were just one of countless minor recurring expenses. The cost of child care, however, she could tell me. If it didn’t cost an arm and a leg, it did seem that every month she cut off a finger and a toe and Venmo’d them to her nanny — a payment that despite its size was still inadequate to the … [Read more...] about In the Middle Class, and Barely Getting By