On Feb-27-2010 10:17 AM James R. Doxsey commented:
Residents Response to Tansfer Fee Resolution for Dutchess County Revenue On February 27, 2010, By James R . All, This resident was king enough to respond to the Resolution finally being allowed on the Dutchess County Legislative Agenda. Currently there are only 2 Parties signed on: 3 – Democratic Party members and 1 Conservative Party member. Actually the only 3rd Party Conservative member of 1, because it only consists of 1. This revenue will allow Dutchess County and ALL Counties to use this positive generated fund to offset their budgets, as well as the positive aspects for Towns, Villages and Hamlets. With Albany sending more and more mandates down, those Towns and other municipalities will not get the trickle down effect that Dutchess County will inevitably do to pass costs on to them. The entire State of N.Y. will benefit immensely, and should the rest of the Country choose to adopt this, well only your Senators and Congressmen can decipher that. Dutchess County Legislature and other Counties need to put emphasis on expediting this Resolution to Albany. It is a shame it hasn’t been allowed for discussion until months later, but that’s water over the dam. The Legislators can’t do this without a County Executive supporting a revenue that will take us out of the financial hole we are in and continue to face every day. Without the Executive standing behind the Legislatures’ decision to act on this, it will fail. Is this something he is willing to do, only he can answer that. Hopefully he will look ahead keep the Publics Interest in mind when he does or doesn’t support this basically Free Money. It will not cost Dutchess County Anything to ask Albany, this is not a memorialization due to the fact it hasn’t been introduced yet. Getting Albany to enact on this in jet speed will be the other challenge. We need to get this passed first. Lets’ get some support from the media and presses, all our lively-hoods depend on this much needed Revenue. Respectfully Submitted, Honorable James R. Doxsey District 1 55 Buckingham Avenue Poughkeepsie, N.Y. 12601 c. 845-337-0026 http://doxseydistrict1.com Here is the letter of support from Shaun Chelsey: To All Dutchess County Legislators Subject: Resolution No. 2010062 Dear Dutchess County Legislator, My Name is Shaun Chesley, I am a Town of Poughkeepsie Resident. I have emailed you back in early January asking for your support of Resolution No. 2010062. It is good to see that it has finally made it for Legislative Consideration and has picked up a few Co-Sponsors along the way. Your positive unanimous endorsement would not only give Albany a clear message to consider this available revenue, to help our State in these troubled financial times, but it will also show your constituents that, everything is being considered to maintain our quality of life here in Dutchess County. To help with your decision, may I take a minute to give some additional information about the Stock Transfer Tax that you may not have known. The Stock Transfer Tax since the early 80’s, has been rebated back to the Investors and Speculators on Wall Street, The New York Stock Exchange, in the sum of almost 16 Billion Dollars, in last year’s tallies. The Stock Transfer Tax has been around in New York State since 1905 when the then Governor Higgins, a Republican Governor, instituted it to help with State revenue. It has survived World War I, The Great Depression, World War II, the Korean Conflict, Vietnam and the War against Drugs. All the while, New York State staved off the claims that New York City would lose its famed Wall Street Corporations, multiple legal actions of being against Inter-State Commerce as well as a hindrance to free trade and the growth of our nation. Almost a century of controversy as New York used it to fund bonds and pay off debt. In fact it’s most strident defender in recent time was New York States own Governor Nelson Rockefeller, the Republicans Republican and former Vice President of the United States. Presently the Stock Transfer Tax is being rebated to the investors and speculators of Wall Street almost immediately, to encourage trade, and the revenue that New York State has relied on for almost a century, is lost to those who have already received National Stimulus monies, and other considerations to help better our economy, and put us, as a nation, back on track, no matter what fringe benefits they receive. Recent Endorsements to Repeal this Stock Transfer Tax Rebate, even if partially or for a determined amount of time, have come from the ALF-CIO, AFSCME, CSEA, PEF, NYSUT, HVAF and many State wide and Local Organizations throughout New York State and our local Communities. Your positive vote on this Resolution and its resulting letter to Albany could help relieve the burden on the already stressed taxpayers, not only in Dutchess County, but across New York State, as well as protect the investments in Jobs and Services that we have already paid into. If you have any questions, would like additional information or if I could help in any other way to get your positive vote on this Resolution, please feel free to contact me. Respectfully, Shaun Chesley Town of Poughkeepsie resident Edit Post 1 Comments Edit Post | Leave A Response 1 Response » to “Residents Response to Tansfer Fee Resolution for Dutchess County Revenue” James R says: February 27, 2010 at 10:13 am (Edit) Your Support to get this done is required. This is a NON Partisan Issue. Getting this done NOW to assist our Seniors, Schools and general fiscal concerns and other Revenue issues is Long Over- Due ! Help me help those we are Elected to represent – YOU. Call your Legislators NOW. Our future in Dutchess County and New York State depends on this.

On Apr-03-2010 11:17 PM Gary Levine commented:
When I explain to fairly sophisticated investors that a stock transfer tax is collected by the State of New York and rebated not to investors but to Wall Street brokers, they groan. When I explain the NYS has been subsidizing Wall Street to the tune of $16 Billion dollars a year, they become irate. Given the state of the State if 20% would be kept by the State we could resume the Star rebates and get rid of the upstate MTA tax. 40% to 50% could balance the State budget. Wall Street took Main Street for a ride now let Wall Street pay the fare. For more got to www.Abetterchoiceforny.org.