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...Koch and Governor Hugh Carey have differed on how to reduce the deficit, Koch originally taking the position that only a general tax raise could do the trick, Carey believing that high taxes would drive business from the city again. In the past few weeks Koch appears to have come around to Carey's view. Naturally, both leaders would prefer to rely on the Federal Government for help, but until that traditional cornucopia spills open, an increase in property taxes, which would not bring in enough, is about the only course of action available. Still, Koch has just about managed...

Author: /time Magazine | Title: New York, New York, It's a ... | 8/18/1980 | See Source »

...tighter eligibility rules and to the rooting out of welfare cheats and frauds. At present the city pays about $1.2 billion out of its own tax revenues for aid to dependent children, or exactly the amount projected as the city deficit in 1982. Nearly everyone in the know, from Koch to former Mayor (and now senatorial candidate) John Lindsay, agrees that the solution is for the Federal Government to pick up New York's welfare burden. To date, only the Federal Government has not agreed...

Author: /time Magazine | Title: New York, New York, It's a ... | 8/18/1980 | See Source »

...quintessential New Yorker: street smart, loud, witty, full of life, always in motion, combative. "Feisty," corrects Mayor Edward Koch. "Combative has a pejorative quality...

Author: /time Magazine | Title: Nation: The Apple's Big Polisher | 8/18/1980 | See Source »

...Koch's success story is classically New York. His parents were immigrant Jews from Poland. During the Depression, Koch's father lost his fur business in The Bronx and moved his wife and three children to Newark to share a two-bedroom apartment with four other relatives. Ed, 12, helped support the family with tips he earned by operating a hat-check concession in a catering hall...

Author: /time Magazine | Title: Nation: The Apple's Big Polisher | 8/18/1980 | See Source »

After his family moved to Brooklyn, Koch worked his way through City College by selling shoes. During World War II, he fought in Europe as an Army sergeant and returned to graduate from New York University Law School. A reformer at heart, he was a worker for Adlai Stevenson and, in 1966, won a term on the city council. In 1968 he was elected to his first of four terms as a Congressman representing Manhattan's "Silk Stocking" district, which includes part of the wealthy Upper East Side. In 1977, despite the fact that both the banks and labor...

Author: /time Magazine | Title: Nation: The Apple's Big Polisher | 8/18/1980 | See Source »

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