Op-Ed: Financial Focus, The Joe Biden Economic Tax Plan

By PROFESSOR ANTHONY RIVIECCIO, MBA PFA

As we get ready to watch the Republican convention and the other side of our democracy, one thing that we cannot forget is what the next president is going to have to deal with, whoever it is: the government is going to need tax money for government revenues when it will try to assist lower paid workers with children. What is Joe Biden’s plan for this? 1. He wants to make corporate taxes higher. Under his tax plan, the corporate tax rate would be increased to 28 percent, almost a 30 percent increase from where it is now.

By PROFESSOR ANTHONY RIVIECCIO, MBA PFA

As we get ready for an electoral, presidential race where we have heard very little so far on proposed policy issues, we heard a whopper of one the other day from our president. Trump said, if re-elected, he’ll get rid of the payroll tax. So, what’s the payroll tax? The payroll tax is a tax withheld from an employee’s salary by an employer who remits it to the government on behalf of the employee. The tax is based on wages, salaries, and tips earned by employees, and is deducted for social security and medicare benefits. The current tax

By Síle Moloney

Phase 3 of the reconstruction of Grand Concourse in the Bronx is completed, as announced on Aug. 11 by the City’s departments of transportation (DOT), design and construction (DDC) and environmental protection (DEP), along with Bronx Borough President Ruben Diaz Jr., Council Member Vanessa Gibson and advocates. The boulevard is a “Vision Zero” priority corridor as well as one of the four “Great Streets” identified and prioritized by the de Blasio Administration for significant infrastructure and safety improvements. Approximately 3,000 New Yorkers are seriously injured and more than 200 are killed each year in traffic crashes. Being struck

By PROFESSOR ANTHONY RIVIECCIO, MBA PFA

Well, we knew that Congress had been at a stalemate – even way before this pandemic – some would even say, even before Trump was president. We have been living with a divided government for several years now. Democracy is supposed to allow the will of the people to speak, so what happens when too many people speak, and have different opinions, to the point where nothing gets done? Enter congressional COVID stalemate, which means nothing gets done – no help for unemployment insurance, no more help for small businesses, no help for state governments, no help for eviction

By Síle Moloney

Gov. Andrew Cuomo announced that the moratorium on evictions in New York State has been extended to Sept. 4. The moratorium was first put in place in March to protect residential and commercial tenants facing financial hardship due to the pandemic. “As long as we are in the middle of the pandemic, there will be no evictions,” he wrote on Aug. 7. On May 7, amid the ongoing COVID-19 pandemic, the governor announced that the state’s moratorium on COVID-related residential or commercial evictions would be extended for an additional 60 days until Aug. 20. He also announced, at that

By DAVID GREENE

For our latest print edition, we asked readers for their thoughts on the recent spike in shootings across the City. I like this area here in Belmont, and I prefer to do most of my activities here because I don’t feel comfortable where I live. It’s safer in Belmont than it is anywhere else around here. I like to do all my shopping. I even come here to do all my laundry and in the other neighborhood I see a lot of homeless people, and homeless shelters spread all over the Tremont Area and yes, I see crazy

By SÍLE MOLONEY

Dear Readers, Hope you’re well. As if we hadn’t enough to contend with already, what with the ongoing pandemic, a global recession, stifling humidity, a rise in gun violence, and random shark-sightings in New York City, it seems we’re also set to be hit with the tail end of Tropical Storm Isaias later this evening, August 3, so batten down the hatches, hang tight, and check out this year’s ninth and latest edition of the Norwood News. Following the arrest earlier this month of Ghislaine Maxwell on charges relating to human trafficking, which she denies, our cover

By SÍLE MOLONEY

The Fresh Air Fund, in response to COVID-19, has created Fresh Air Summer Spaces, fun, free and safe play spaces for New York City children, ages five through 13. Fresh Air Summer Spaces provides children the chance to enjoy safe, supervised outdoor summer activities where they can laugh, smile, play and make new friends. Fresh Air staff supervise arts and crafts, interactive games and even dance parties! Summer Spaces would not be possible without the support of the local community. Fresh Air Youth Employment program participants will assist at sites. The Fund is helping to fill the gap

By ARIANA CIPRIANI

As New York City’s small businesses transitioned to Phase 3 of the city’s reopening plan earlier this month, restaurants and diners took to the streets and sidewalks for open dining. From now through October, restaurants can offer outdoor seating on the sidewalk and curb lane to customers. With six outdoor dining destinations to choose from in the BID, there are plenty of opportunities to sit back and relax on Jerome Avenue and East Gun Hill Road. Jennifer Tausig is Executive Director of the Jerome Gun Hill BID. “Open dining has provided a much-needed lifeline for our small, locally