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Bloomberg to Ratner: 'You Don't Need Any More Subsidies'

For the first time, Mayor Michael Bloomberg has broken with Bruce Ratner, asking Gov. Eliot Spitzer to veto a bill that would give Ratner $300 million in tax exemptions while limiting such breaks elsewhere in the city. "[The bill is] going to hurt the very people that everybody talks about helping and gives some tax breaks to a developer that doesn’t need them," Bloomberg said. The bill was written specifically to help only Ratner and become a critics' rallying cry.