Governor Hochul says President Trump’s $355 million fine will not harm law-abiding New York businesses

Metro

by carl campanile

Gov. Cathy Hochul said Sunday that the massive $355 million fraud fine imposed on Donald Trump will not scare or harm New York businesses because most local merchants are complying with the law. He insisted that it was not something he would give away.

“got it [that the Trump ruling might make New York business people fearful]But this is really a very unusual situation, and New Yorkers who are law-abiding, rule-abiding businessmen are very different from Donald Trump and his actions, so there’s nothing to worry about.” Hochul said on “Cats Roundtable.” on WABC 770 Radio.

New York’s governor added that he would not, and should not, second-guess Manhattan Supreme Court Justice Arthur Engoron’s decision to fine the city’s most prominent developer.

“The governor of New York has no say in the amount of the fine. And we want to make sure there’s not that level of interference,” Hochul said. He has also criticized prosecutors and judges over their implementation of controversial changes to the state’s bail laws.

“You don’t want me as a governor to tell a judge that I’m going to overturn the judge’s decision. We need a clear separation of powers,” the governor said. It added that the city’s supermarket billionaire, John Catsimatidis, would host the event, which he said he feared could cool commerce.

Hochul noted that New York merchants are “generally honest people” who abide by the rules and laws, so there is nothing to worry about.

“The judge has determined that Donald Trump did not follow the rules,” the governor said.

Legal experts hold fire sales of their prized real estate in Manhattan, Westchester County and the Hudson Valley, including Trump Tower, to raise money to pay fines while Trump appeals the verdict I’m guessing that it may have to be done.

Click here for the latest coverage of Donald Trump’s $355 million civil fraud trial verdict

Judge Engoron on Friday ruled that President Trump inflated his net worth by billions of dollars to defraud banks and insurance companies, imposing a daunting fine on the former president while also making a name for himself. ordered a temporary ban on business operations in the affected states. .

Even before the ruling, the Trump Organization sold Ferry Point Golf Course in the Bronx to Bally’s.

Regarding other issues, Hochul said:

-Repeat a bill that increases penalties for reckless riders of e-bikes, scooters, and bicycles.

“Public safety involves not only getting shot, not just having your Apple phone stolen from your pocket while riding the subway, but also making sure you don’t get run over by these errant scooters and bikes. That includes,” she said.

・He opposed the MTA’s subway and bus fare increases, saying, “There will be no price increases unless it goes through me.”

“We’re not going to the majors. [fare] increase to relieve [transit] It’s now a system,” Hochul said. “We can’t continue to do that. … We’re trying to encourage people to use trains and subways. That’s how we deal with the crisis we’re facing.”

The 2024 Congress will make public safety a top priority and, as detailed in a previous policy agenda, tougher measures to combat retail theft, including measures against thieves who assault store employees. approve.

“We’ve done a great job of reducing gun violence, shootings, and homicides,” the governor said. “I’m not going to rest until people stop committing even retail theft. But we need Congress to get us across the finish line.”

– Oppose tax increases by Democrats in Congress. His proposed $233 billion budget does not include widespread tax increases.