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NY Gov. Cuomo got $100,000 from developer, then signed law giving it big tax bre
2013 Aug 9, 12:48am 504 views 1 comment
by zzyzzx follow (9)
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1
HEY YOU
@
2013 Aug 9, 2:26am
The corporations should have used a "Citizens United" PAC to donate.It's the law of the land & everyone would have to STFU because we love our laws. I guess corps aren't immune to stupidity.
Let the NY voters pay more taxes to cover the loss.
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http://www.nydailynews.com/new-york/cuomo-100k-developer-signing-tax-break-law-article-1.1422003
ALBANY — A top development company donated $100,000 to Gov. Cuomo just days before he signed a bill that quietly showered the firm with lucrative tax breaks.
Two corporations tied to Extell Development each contributed $50,000 to Cuomo’s campaign, which recorded the checks on Jan. 28 — the same day the Assembly passed a housing bill that contained tax breaks for five developers, including Extell, records show.
Cuomo signed the legislation two days later.
The twin $50,000 donations were made by Elco Master LLC and 134 W 58 LLC. Each listed the same Louisville, Ky., address of Extell Financial Services, which is part of Extell Development. It was the first time either company contributed to Cuomo, state records show.
The benefit for Extell’s 57th St. luxury apartment tower is projected to cost the city $35 million over 10 years.
#housing