Council Speaker Peter Vallone has proposed extending the city's 12 . 5 percent income tax surcharge, used to hire extra police officers, to pay for rebuilding the city's schools.
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The government proposal also foresaw a reduction of an income tax surcharge for the staggering costs of German reunification from 7 . 5 percent to 5 . 5 percent.
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"We will decide that in mid-December, " he said of the 7 . 5-percent income tax surcharge, in answer to a question as to whether the FDP had backed down.
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City Council Speaker Peter F . Vallone proposes extending the personal income tax surcharge for five years and using its $ 1.3 billion to repair schools and build new ones.
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The government would impose a 7.5 percent income tax surcharge on all taxpayers next year, while the Social Democrats would free low-income taxpayers and raise the surcharge for higher earners.
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The funding for an expansion of the McCormick Place convention center in Chicago, restoring previous budget cuts as well as extending an expiring income tax surcharge were all topics of debate.
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The FDP leadership's reliance on the tax issue is dangerous, he argued, because know the Kohl coalition's recent decision to cut an income tax surcharge, for example, as a campaign tactic.
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After he submitted to the largely symbolic demands of legislators on maintaining the size of the police force earlier this year, he won an extension of the personal income tax surcharge.
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By far the largest tax cut that Giuliani now wants to scrap involves the 12.5 percent surcharge on the personal income tax surcharge that is paid by most working New Yorkers.
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In the spring of 2009, New York State adopted a temporary income tax surcharge on wealthy individuals, at which time Limbaugh threatened to sell his condominium and leave the city forever.