Simcha Felder on Why Hotel Tax Is Better Than Property Tax

The deal brokered last night to repeal a property tax cut and increase the ‘bed’ tax in exchange for a quick mailing of already-budgeted rebate checks has been approved by the City Council, but the votes were off.

The property tax increase passed 33 to 18, but the increase in the hotel room tax passed 46 to 5.

Simcha Felder was one of the thirteen members who split his votes. “In bad times, I would prefer not raising any taxes,” he said. “My rationale, and some others as well, is that the issue is going back to homeowners who are already suffering in the city and repeatedly milking them to try and get the city out of its mess when the city should cut more of the waste and fat.”

Council Speaker Christine Quinn said that “While what we’re doing here is difficult, it was the right thing to do.”

The deal means Mayor Michael Bloomberg will send $400 tax rebate checks to homeowners within the next few weeks.

Simcha Felder on Why Hotel Tax Is Better Than Property Tax