Senate Republicans in Albany have worked overtime since 2000 to help Wall Street banks, brokerage firms, and other financial institutions secure billions in special tax breaks and to weaken state oversight and regulation of banks.
And in return, Wall Street interests have made over a million dollars in campaign contributions to the central Senate Republican Campaign Committees. To date, Senate Republicans have spent $921,651 of that money on 36-year incumbent Caesar Trunzo's reelection campaign.
"Caesar Trunzo and the Senate Republicans have been working for Wall Street, and they've been paid handsomely," said Foley, who's locked in a statistical dead heat with Trunzo. "It's the same old Albany story - Wall Street got the special deals, and Trunzo and the Senate Republicans got the money."
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A review of 26 key votes in the State Senate reveals that:
* Senate Republicans passed special-interest tax cuts and subsidies for Wall Street banks, securities firms, and insurance companies that added up to more than $3.4 billion over the last decade. Caesar Trunzo voted "Yes" on each of these giveaways. (7 key votes)
* On top of that, Senate Republicans passed laws to give big Wall Street banks and finance companies over two-and-a-half billion dollars in special every-year property tax cuts. Caesar Trunzo voted "Yes" on each measure. (6 key votes)
* And Senate Republicans voted thirteen separate times to protect their friends on Wall Street from the strong regulation that could have prevented the crisis we're in. Caesar Trunzo voted "Yes" on each measure. (13 key votes)
In return, Senate Republicans received $1,082,499.00 in campaign contributions from Wall Street banks and big financial companies since 2000. $921,651of that money trickled down to Trunzo's campaign through the Republican Senate Campaign Committee.
"Caesar Trunzo gave Wall Street banks a two-and-a-half billion dollar property tax cut when families right here in Suffolk County got massive property tax increases," said Foley. Trunzo and the Senate Republicans gave over three billion dollars in state subsidies to Wall Street while regular families saw health care, energy, and food prices go up and up."
While Trunzo was saying "Yes!" to every handout request and favor asked by his Wall Street pals, he was voting "No" on protecting the health of Suffolk families. Trunzo voted "No" on making insurance companies cover mammograms for Women, despite the fact that Long Island has the highest rate of breast cancer in the country. Trunzo even voted to allow chemical companies to conceal cancer causing sprays on our lawns and parks.
It's a compelling case to be made against Trunzo, but it's also a case that can be made against pretty much the entire GOP caucus in the Senate.
