Latest news with #LizKrueger
Time of India
05-07-2025
- Business
- Time of India
Tax the rich, but who's rich? Zohran Mamdani's allies call for equality while sitting on millions; reveal disclosures
Liz Krueger (left), Zohran Mamdani (Hans Pennink, AP) Several lawmakers in Albany who describe themselves as socialists and progressives have access to considerable financial resources, despite advocating for policies centered on economic equality and wealth redistribution. Their well-funded positions highlight a growing presence of resource-rich progressive voices in New York politics. State Senator Liz Krueger, who advocated for 'rent control for the rich' while claiming to support the middle class, holds nearly $24 million in investments, based on newly released 2024 financial disclosure statements. It's unlikely that the progressive politician's $142,000 annual salary as a state senator, a position she has held since 2002, is the sole source of her substantial wealth. Krueger's father, Harvey, served as CEO of an investment bank that later merged with Lehman Brothers, where he went on to become vice chairman. The Ridgewood native, who once suggested New York should leave the 'land of the free' and join Canada after President Trump's election, may be even wealthier than reported, as state lawmakers aren't required to disclose assets held in family-established trusts. Krueger, 67, who resides on Manhattan's upper east side with her husband, a retired CUNY professor, holds a diverse portfolio of stocks and bonds, including nearly $8 million in Apple shares, according to the disclosures. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 혈관 뻥~ 뚫는 ''이것.' 끈적,, 콜레스테롤 완벽배출! "혈관 관리" 하나로도 충분하네요! 피로개선 끝판왕 더 알아보기 Undo Another progressive lawmaker, Lieutenant Governor Antonio Delgado, has nearly $1.1 million across various bank accounts. According to the filings, his wife, Lacey Schwartz Delgado, is an Emmy-nominated filmmaker and serves on multiple film boards. Delgado, sometimes referred to as 'No Show Delgado' due to his reported absence from work on numerous occasions while serving as Governor Hochul's $220,000-a-year deputy, is now seeking to succeed her. Meanwhile, socialist State Senator Jabari Brisport, an ally of mayoral candidate Zohran Mamdani in Albany, previously joined AOC in criticizing capitalism. He sold his holdings in the cryptocurrency Ethereum last year to invest up to $250,000 in a 'US Vegan Climate ETF.' Whereas some other disclosures revealed, Assemblymember Phara Souffrant Forrest, balances her role representing Brooklyn with a $50,000 part-time job as a registered nurse. According to her disclosure, she worked at Jacobi Medical Center in the Bronx last year. Emily Gallagher, the Brooklyn assemblywoman known for her anti-car stance and multiple traffic tickets, revealed a new job for her husband. After short periods working at a Greenpoint arts supply store and a wine shop, Andrew Ward Lundwall is now employed at a Williamsburg cannabis shop handling inventory.
Yahoo
03-07-2025
- Politics
- Yahoo
Lawmakers push forward on game-changing law that could eliminate common feature in new homes: 'Help households transition away'
The New York State Assembly passed an energy bill that aligns with its climate policy to achieve a clean economy by 2050. If Gov. Kathy Hochul signs the bill into law, certain natural gas line expansions will come to a halt. As the Democrat and Chronicle reported, lawmakers voted to repeal a rule that stretches natural gas lines to new construction within 100 feet of existing lines. The repeal means utility companies won't have to supply gas to customers in these new construction zones at the customers' expense. Richard Schrader, the director of New York government affairs at the Natural Resources Defense Council, said the decision is a step in the right direction yet only the beginning of what the state needs to do to achieve its clean energy goals. "To fully align New York's gas utility system with its climate and affordability goals, lawmakers must pass the broader reforms in the NY HEAT Act," Schrader said. The Home Energy Affordable Transition Act, Sen. Liz Krueger said, "would save ratepayers billions of dollars every year on avoided gas infrastructure costs [and] help households transition away from dirty and expensive methane gas." The Assembly did not pass the NY HEAT Act, and natural gas advocates oppose it. The NRDC found that New Yorkers are relying less on natural gas because they have more sustainable power solutions available. But the state continues to spend hundreds of millions of dollars on gas line expansions and billions on replacement pipes. Though repealing the 100-foot rule alone will not make energy cleaner and more affordable, it is encouraging progress. Across the nation, states are passing laws to end gas line expansions into new homes and reduce communities' reliance on natural gas. Environmentally focused policies demonstrate states' sustainability commitments and set examples and precedents for others to follow. Do you think governments should ban gas stoves? Heck yes! Only in new buildings Only in restaurants Heck no! Click your choice to see results and speak your mind. As a voter, you can keep this momentum going by supporting pro-climate action candidates and discussing local laws related to climate issues with people you know. One of the New York bill's supporters, Jo Anne Simon, said it prevents gas companies from getting a "blank check to expand polluting gas pipelines" and encourages people to choose electric and heat pump options that are "less expensive, more reliable, and better for our environment." Liz Moran, the New York policy advocate at Earthjustice, said, "Today, lawmakers took a stand by putting the needs of everyday New Yorkers over the profits of greedy fossil fuel companies." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
New York Post
20-05-2025
- Business
- New York Post
Progressive Manhattan lawmakers again push ‘rent control for the rich'
Two progressive Manhattan state lawmakers are back to pushing 'rent control for the rich' to benefit residents of 'Billionaire's Row.' State Sen. Liz Krueger and Assemblywoman Linda Rosenthal tried to sneak this into law last year, losing out only after we called out the injustice. Once again, their proposal applies to roughly 100 co-op buildings, mainly in Manhattan, that sit on land someone else owns; these 'ground leases' are renegotiated every 20 to 30 years and usually result in a rent reset for shareholders. Right now, an arbitration process kicks in when ground owners and co-ops can't agree on a rent reset after the ground lease expires — all as per the original contracts. The Krueger-Rosenthal bill, narrowly approved 10-9 last month by the state Senate Judiciary Committee, would unconstitutionally rewrite those private contracts to limit land-rent hikes to 3% or the Consumer Price Index (whichever is greater). It would also guarantee lease renewals at the same terms for up to 30 years and grant co-op boards right of first refusal if the landowner opts to sell the parcel. As ideological cover, the bill would also force some outer-borough units in land-lease co-op buildings back under the rent laws — decades after they left when the building went co-op. Except that this would force some owners to dig up rent records — from as long as 46 years ago — that the law didn't require them to keep. The two Manhattan progressives are plainly looking to curry favor with a few wealthy constituents who'd see the value of their units skyrocket. Never mind the horrific precedent this would set as the Legislature tears up existing contracts by overriding the terms of agreement. Even if the law eventually got tossed as unconstitutional, it would poison New York's business by proving that the Legislature holds contract rights in complete contempt. If Senate and Assembly leaders don't quash this madness, Gov. Hochul should tee up her veto pen.
Yahoo
19-04-2025
- Health
- Yahoo
Lawmakers revive bill to address the dangers of popular kitchen appliances: 'These things can kill you'
New York lawmakers are bringing back a bill requiring health warning labels on gas stoves, putting consumer safety and air quality front and center, Gothamist reported. If passed, the Healthy Homes Right to Know Act would make New York the first state to mandate these important health notifications. The proposed labels would inform shoppers that gas stoves emit nitrogen dioxide, carbon monoxide, benzene, and formaldehyde, substances that can harm your family's health and contribute to respiratory problems. With roughly 7 in 10 New York City households relying on gas ranges for meal preparation, this information could help millions make better choices for their health. Studies cited in the legislation show that approximately one-fifth of pediatric asthma diagnoses across the state have connections to residential gas cooking appliances. Induction stoves cook faster and cost less to operate than conventional stoves. Switching to an induction stove is an easy solution that eliminates indoor air hazards. If you're not looking to buy a new stove, plug-in induction burners represent great options. They are relatively affordable too, starting at just $50. The Inflation Reduction Act offers up to 30% off the cost of a non-portable induction range through tax credits, but these incentives may not be available forever. President Donald Trump has said he wants to eliminate these subsidies, so acting soon could save you thousands of dollars. Significant changes to the IRA would require an act of Congress, though. State Sen. Liz Krueger, one of the bill's 19 sponsors, explained why this matters, saying: "People are completely having meltdowns about confusion that we're going to take all of their gas and oil away from them and their gas appliances away from them. These things can kill you. We thought that it would be important to at least require printed information that explains to you the risks of gas stoves and the risks of having an exhaust pipe in your kitchen." Dr. Kathleen Nolan, a pediatrician and the president of the New York chapter of Physicians for Social Responsibility, added, "The gas stove in the home is approximately equivalent to having a smoker in the household." Chef Christopher Galarza, who promotes sustainability in food service, dismissed concerns about cooking quality. "The idea that it's somehow going to hinder your creativity and hinder your expression or hinder your cuisine is just not true," he said. "It doesn't matter if you're cooking on a campfire or an induction range. A roast is a roast, a braise is a braise, a sear is a sear, a sauté is a sauté. These things don't change. It's about fundamentals and techniques." Do you think gas stoves should be banned nationwide? No way Let each state decide I'm not sure Definitely Click your choice to see results and speak your mind. Join our free newsletter for easy tips to save more and waste less, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
07-04-2025
- Business
- Yahoo
Lawmakers propose bold plan to put funds from large corporations to public use: 'Commitment to holding ... companies accountable'
New York is taking bold steps to make big companies pay their fair share for damage to local communities, reported the Shore News Network. A newly introduced bill in the New York State Senate aims to improve the state's ability to recover costs from major energy companies and fund projects that protect New Yorkers from extreme weather. The legislation, S824, sponsored by Senator Liz Krueger, would update several laws to better track company responsibility from 2000 to 2024 and give state agencies more tools to gather information. The Department of Environmental Conservation would get more time to study impacts before sending bills to companies, and new penalties would apply to those who don't pay up. This improved law would directly benefit everyday New Yorkers by funding infrastructure that protects communities from flooding, heat waves, and storms. The money collected would support projects like seawalls, cooling centers, and storm drains — efforts that protect homes and save money on repair costs after disasters. By holding large corporations accountable, the program ensures the costs of adapting to our heating planet don't fall entirely on taxpayers. The bill requires companies to share data about their operations and creates stronger oversight of how money gets spent. Up to 1% of funds would cover administration costs, with the rest going to community protection projects. If passed, these updates would immediately strengthen New York's position as a leader in making sure big companies help pay for community safeguards. The bill "underscores New York's commitment to holding fossil fuel companies accountable for climate-related costs while refining the process for funding and implementing adaptation projects," according to the Shore News Network. The legislation demonstrates how states can create practical financial solutions that protect communities and ensure big corporations contribute to fixing problems they helped create. Extreme weather events are becoming more regular and costly, and this approach creates a sustainable funding stream to help improve defenses and aid in any necessary recovery efforts. Do you think governments should ban gas stoves? Heck yes! Only in new buildings Only in restaurants Heck no! Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
