Friday, August 27, 2010

Getaway day news flash-NYC pol supports public financing of Ground Zero mosque. Political class doubles down.

"The Muslim center planned near the site of the World Trade Center attack could qualify for tax-free financing, a spokesman for City Comptroller John Liu said on Friday, and Liu is willing to consider approving the public subsidy.

  • The Democratic comptroller's spokesman, Scott Sieber,

  • said Liu supported the project....

The mosque's backers hope to raise a total of $70 million in tax-exempt debt to build the center, according to the New York Times.
  • Tax laws allow such funding for religiously affiliated non-profits if they can prove the facility will benefit the general public and their religious activities are funded separately."...
Mayor Bloomberg's company opens Islamic financing portal in Dubai
  • in face of "meltdown of western capitalism", 10/29/08
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