To all Dutchess County Taxpayers,

Presently there is a proposal in front of the Dutchess County Legislators, submitted by Legislator Joel Tyner and co-sponsored by Legislator James Doxsey and Legislator Dan Kuffner, to write to Governor Paterson and the New York State Legislators asking for “Repeal of the Rebates of the New York State Stock Transfer Tax.” This could literally mean an immediate revenue of Billions of dollars per year, to our State, helping to bring New York through these troubled financial times.


As you know, Dutchess County residents from Tivoli to Pawling; Beacon to North East and every City, Town and Village in between are over burdened by constantly rising taxes as we sit and watch our State, County and Local services get slashed and burned year after year. Dutchess County residents and New Yorkers across the State need help now and Repealing the Rebates of the New York State Stock Transfer Tax can and will bring some relief.


History of this revenue measure in our State goes back as far as 1905 and has been enforce, raising funds until 1979 when New York State Began rebating the tax monies back to investors. It has been considered and advised by Economists, Historians and Politicians of present time and is in fact in place in Markets throughout the world. Just Googling ‘stock transfer tax’ or ‘New York State stock transfer tax’ returns a plethora of history, recommendations and endorsements. In fact the AFL-CIO; the CSEA (New York State’s Largest Civil Service Union); Ron Deutsch, Executive Director, New Yorkers for Fiscal Fairness  have endorsed the repeal of the rebating process to help New York taxpayers in the present financial crisis we are in. Surely the time has come for investors and speculators to give back to the Working Class.

Unfortunately this proposal has been stalled and not presented to the full body of the County Legislature for consideration. Our Legislators do have a busy agenda, and approval of this Resolution and its resulting letter to the Governor and State Legislators may take all of a days work, but it’s message to Albany, on behalf of the Residents of Dutchess County, may make a difference. We will never know unless we do it.

As  a fellow Taxpayer I ask for your help with this important step, and to show the Dutchess County Legislators that Dutchess County Democratic Party members are alive and concerned about our future.  As Democratic Leaders we ask you to do two things that should only take a moment of your time.


If you have a website addressing Democratic friends here in Dutchess County please DOWNLOAD the WORD file attached to this email and post on your Website and the other is to send an email to any listing of Dutchess County Democratic members you may have, as well as friends, and appeal to your Dutchess County Democratic contacts to take action and send an email to countylegislature@co.dutchess.ny.us to take positive action on the Stock Transfer Tax Resolution.
The poster tells of an upcoming Press Conference in front of the County Office Building THIS FRIDAY that all are invited to attend. Any help in this grassroots effort to get the word out about Repealing the Rebates of the New York State Stock Transfer Tax would be helpful, and don’t forget send an email yourself … ok that’s three things, please help.

Meanwhile, as your are doing that, we will be expanding our grassroots appeal out of Dutchess County to every Democratic email we can get our keyboards on, not only here in the Hudson Valley but across our State. Please join us in this grassroots efforts to Repeal the Rebates of the Stock Transfer Tax.

Thank you for your time and consideration.

Respectfully,
Shaun Chesley
Town of Poughkeepsie Resident

 

2 Responses to “Stock Transfer Revenue for Dutchess County and NYS Friday Feb. 12, @ 12:30”

  1. James R says:

    To all the residents of our County :

    By implementing a single penny, $.01 cent, we can acquire Major Funds from a user fee of a simple transfer of each stock.

    The people who trade every day on Wall Street would be minimally impacted, as this will be such a Boost of revenue for every State if they so choose to participate.

    We need to make this a reality NOW, our survival depends on Actions, sometimes bold, yet will reflect a substantial yield.

    Help us help everyone who will benefit from these funds, our present dire straits are surely a reality.

    Come and speak out in favor of this proposal this Friday Feb.12, 2010 @ 12:30 in front of the Dutchess County DMV Building- 22 Market Street- See you there

  2. James R says:

    Finally made it on Marchs’ 2010 Agenda; Come and see what your Legislator who represents your District says, and how his or her vote to pass this affects EVERYONE. Can the Dutchess County Legislators in Every District accept a Revenue Source at virtually NO cost to the Taxpayers? Attend the Legislative Committee Meeting Monday the 1st of March. // Pass this NOW !!! CALL YOUR DUTCHESS COUNTY LEGISLATOR NOW, This is a BI-partisan ISSUE. WE need bi-partisan support.

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