Bloomberg Offers Stunning Prediction Of What Tax Rates Could Be Under Next Mayor


bloombergNew York – Mayor Michael Bloomberg’s new budget proposal has no new taxes but it comes with a stern warning for his successor – raise union salaries at your peril. If you do, tax rates would skyrocket.

How much? CBS 2’s Marcia Kramer was there as the mayor made his jaw-dropping prediction.

How does 50 percent grab you?

That’s how much Mayor Bloomberg predicted taxes would have to go up if any of the labor-friendly mayoral wannabes win and grant wage hikes to city workers.

“A tax increase of a quarter to 50 percent might do it, but even then it might not. It is … the numbers are staggering,” Bloomberg said.

Knowing that many labor leaders have refused to negotiate new contracts in the hope that a new mayor would be friendlier, the man some call “El Bloombito” said wage hikes should be finito.

“There is no practical ways to pay our workforce given the current environment, current tax structure, current other obligations we have more than what we have been doing, with the possible exception of dramatically raising taxes,” Bloomberg said.

The mayor’s words provoked a swift reaction from labor. Teachers’ union president Michael Mulgrew issued a statement saying: “Why would anyone believe these numbers? Bloomberg’s anti-worker rhetoric [has] left the next administration in a very difficult position. While our sympathy goes out to the next mayor, we will still be glad to be rid of this guy once and for all.”

And if the unions didn’t like the mayor’s wage hike comments they also won’t like his next proposal – forcing union workers to pay part of the health care costs.

“Unless we do something those expenses will bankrupt us,” Bloomberg said.

Read more at CBS 2.

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  1. Obviously if this disaster needs billions to fund projects that line the pockets of his friends, nothing is left for those that need the extra few dollars to put food on their tables. Stop the curroption and there will money available.

  2. To #1:
    Sorry, but although there’s plenty I disagree with with Bloomberg, in this instance he’s 100% right. The unions have been milking the taxpayers too much for too long. If politicians will give them even more, that’s more money out of YOUR pockets.