Wall Street Bonuses Were Good For State, Says Governor Paterson

New York Daily News:

ALBANY - Gov. Paterson doesn't think it was such a great idea to go after all those Wall Street bonuses.

Paterson Thursday took aim at a signature issue of potential rival Andrew Cuomo and said the bonuses paid to financial execs provided the state with much needed revenue.

Read the whole story: New York Daily News

Comments

[mamala4]

01:19 PM on 09/07/2009

How do you spell lo.s.e.r.? Paterson...

[slyham166]

01:26 AM on 09/07/2009

It does make sense that the more the executives made the more taxes to state if all reported.Thats the catch reporting of salaries and the deductions alowed.Patterson is correct in his assessment.However we all know its hidden in tax cuts and other legal / illegal ways.

[VivaZapata]

02:57 AM on 09/06/2009

HACK ENDORSES COUNTRY DESTROYERS

[murphy80]

11:47 AM on 09/05/2009

ah, a man of the people

the fat cat people

would you hire this man?

[balancedsolution]

05:51 AM on 09/05/2009

This guy obviously doesn't "see" the big picture.

[Digital Subway]

02:39 AM on 09/05/2009

Wall Street bonus was justified? What could Patterson be thinking? Bonus is given when someone performs well. And you call it a good performance for all those miscalculations and misjudgements they made merely to fulfill their individual needs and perpetuate personal fortune? Politicians can be very disappointing sometimes.

[Sinick]

05:56 PM on 09/04/2009

Does the Governor have any evidence that taxes were/are actually going to be paid? If their income isn't hidden in some offshore tax shelter, does he realize that if taxes were/are paid, that most of the savvy "haves" manage to pay a considerably lower tax rate than the average citizen? Does the Governor know that they somehow manage to pay "capital gains" tax rates of 17% or less on such income while the rest of us peons are taxed at a rate of ~30%?

All this considered Governor, the state would be better off if the working class made more money and the denizens of Wall Street made less!

[wdcvhi]

05:39 PM on 09/04/2009

The Governor is right, the Wall St. bonuses bring in loads of revenue for our state. And we certainly need more revenue.

[redcarpetburns]

04:54 PM on 09/04/2009

Having received a "Wall Street" bonus, I can say it was also good for my family.