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Sen. Menendez, N.Y. Sen.
Schumer propose package of
Sandy-related tax breaks

Star-Ledger [Newark, NJ], by David Giambusso

Original Article

Posted By:Ribicon, 12/9/2012 10:48:56 AM

Trenton — As Congress weighs a White House request for $60.4 billion in emergency relief aid for the states devastated by Hurricane Sandy, U.S. Sens. Robert Menendez and Charles Schumer said today they will propose an expansive package of tax breaks for residents affected by the disastrous storm. Dubbed the "Hurricane Sandy and National Disaster Tax Relief Act of 2012" the bill would allow taxpayers to deduct all expenses incurred for storm cleanup, waive penalties for early withdrawals from retirement plans, give exemptions to people who provided free housing to storm refugees and provide tax credits to disaster-damaged businesses that continued

Comments:
Leave it to bottom-feeding politicians to spin a storm into gold.

Buried in article is a remarkable figure: New Jersey’s Sandy "relief" federal bailout request works out to $119.51 per American, or $478.04 per family of four. Chris Christie, savior of the GOP. Right.

      


Post Reply  

Reply 1 - Posted by: Keekng, 12/9/2012 10:53:00 AM     (No. 9056414)

How did those carpetbaggers vote on Katrina relief?

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Reply 2 - Posted by: Ribicon, 12/9/2012 10:56:00 AM     (No. 9056418)

And all this is on top of the property insurance coverage. Nice of Christie and Schumer and Menendez to relieve insurers of their obligation to pay out on claims for which they´ve been collecting hefty premiums all these years.

I´d dub this the Insurance Industry Bailout of 2013.

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: CEP, 12/9/2012 10:59:24 AM     (No. 9056424)

WHy should they get tax breaks if they are wanting the federal government to foot 100% of the bill? How come those in the middle of the country don´t get these kind of perks when they are hit with disasters?

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Reply 4 - Posted by: navybrat, 12/9/2012 11:04:04 AM     (No. 9056431)

Tax loop holes.

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Reply 5 - Posted by: whyyeseyec, 12/9/2012 11:23:52 AM     (No. 9056467)

How can the republicans in the House p-o-s-s-i-b-l-y be against this?

/s

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Reply 6 - Posted by: Antidem, 12/9/2012 11:29:45 AM     (No. 9056476)

Why would they want to lower taxes when all we hear from the left is that you can do magical wonderful things with higher taxes?

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Reply 7 - Posted by: Ray_Stoddard, 12/9/2012 11:34:11 AM     (No. 9056480)

Tax breaks for me but not for thee.

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Reply 8 - Posted by: nina584, 12/9/2012 11:41:56 AM     (No. 9056487)

What happened to the Menedez prostitutes? That was burried fast by the media. I want to know if he violated any fec laws.

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Reply 9 - Posted by: attymitch, 12/9/2012 12:00:12 PM     (No. 9056512)

When did it become the Federal government´s place to provide charity? To replace insurers in paying for damages?

We should look to President Cleveland´s message on aid to Texas farmers and just say no.

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Reply 10 - Posted by: Jethro bo, 12/9/2012 2:05:45 PM     (No. 9056637)

So all one has to do is be in the path of a storm and voila they are due tax breaks. While those that have jobs, invest in this country and work their behinds off get there tax breaks taken away in the name of fairness. I hate my goobernment.

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Reply 11 - Posted by: noproblems, 12/9/2012 6:25:20 PM     (No. 9056866)

me think the DImms are buying votes or paying back for the stupids in those states who not only vote for 0bama, but live next to the ocean and are surprised by water damage

they should be treated like any other citizen, no better and no worse

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Reply 12 - Posted by: Trigger2, 12/10/2012 3:48:56 AM     (No. 9057199)

2014 isn´t even here yet for mid-term elections and already these two putz´s are doling out the freebies. Raising the taxes on the rich is already spent - $60+B for NY & NJ and now these tax breaks. It´s never ending.

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B-G1


 
Reply 13 - Posted by: Trigger2, 12/10/2012 3:50:10 AM     (No. 9057202)

I forgot to add that if Schumer of identity theft fame can extract a nickel from a taxpayer, he´ll spend a dollar.

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