Monday, January 6, 2014

Hidden fare hike for commuters: Congress fails to extend tax benefit for train, bus riders

http://crooksandliars.com/2014/01/hidden-fare-hike-commuters-congress-fails

Article Photo
congress claims concern for you possibly having to pay more for grade A healthcare, but they want to roll you back to a charge that majority would not have to pay for that same health care and you don't even get a aspirin.
Mass-transit commuters have been getting a benefit of $245 a month pre-tax, same as drivers who park in garages.
A commuter earning $50,000 a year and spending $245 per month on transit would pay about $450 extra in 2014 because of the rollback.
An analysis by Tri-State Transportation Campaign found two dozen transit systems — used by commuters in 20 states and the District of Columbia — where commuters spent more than $130 each month on transit passes, including NJ Transit, Metro-North and Long Island Rail Road, as well as SEPTA, which serves Philadelphia and the surrounding region.

REGIONAL DIFFERENCES

Speedie theorized that lawmakers in more rural red states did not care as much about mass transit as those in urban Northeast states.
"I think there is a bias not just to the Northeast per se, but to transit benefits as a whole," said U.S, Sen. Robert Menendez (D-N.J.), who is part of a New Jersey and New York area contingent, most notably including U.S. Sen. Chuck Schumer (D-N.Y.), looking to restore the tax benefit to its full amount.
"It’s going to make people who are pinching pennies say, ‘I may have to take my car; I get more of a benefit,’รข€…" Menendez added during an interview.