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Paterson Urges Legislature to Pass Quick Fix M.T.A. ($1.5 billion payroll tax)
New York Times ^ | May 2, 2009 | William Neuman

Posted on 05/03/2009 11:40:21 AM PDT by reaganaut1

Gov. David A. Paterson called on Saturday for the Legislature to vote early this week on a financial rescue plan for the Metropolitan Transportation Authority despite being unsure if there were enough votes to pass the measure in the Senate.

...

The authority rescue plan centers on a payroll tax to be paid by employers in the 12 counties served by the transportation authority. The tax would generate about $1.5 billion a year.

But four suburban Democratic senators have blocked the plan, saying the tax would burden school districts, nonprofit groups and businesses. Every Democratic vote is needed to pass a rescue plan because the party has a 32-30 majority in the Senate and Republicans do not support the plan.

Mr. Paterson last week offered a compromise, saying that the state would reimburse school districts for the cost of the payroll tax, which amounts to about $60 million a year.

(Excerpt) Read more at nytimes.com ...


TOPICS: Business/Economy; News/Current Events; US: New York
KEYWORDS: incometax; masstransit; nyc; paterson; payrolltax; taxes; taxincreases
What about asking the unions for concessions? I see no mention of that option.

It's interesting that school districts may be reimbursed for the payroll tax. Goverment is good to government.

1 posted on 05/03/2009 11:40:21 AM PDT by reaganaut1
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To: reaganaut1

Can you believe this? A payroll tax. Imagine if you cant even use the service. I once lived in NY, insane.


2 posted on 05/03/2009 11:42:13 AM PDT by sickoflibs (Bush-bot/Obama /Pelosi,Theme : "A dollar borrowed or printed is a dollar earned!")
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To: sickoflibs

The fruits of liberalism....


3 posted on 05/03/2009 11:45:01 AM PDT by freebilly
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To: freebilly

Plus if you dont work you dont pay the tax. Who would want public transportation after this? Wont this just kill more jobs?

Better yet, I thought energy prices were killing transportation last year, the democrats told us. Where is the windfall.


4 posted on 05/03/2009 11:49:05 AM PDT by sickoflibs (Bush-bot/Obama /Pelosi,Theme : "A dollar borrowed or printed is a dollar earned!")
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To: reaganaut1
This is exactly the opposite of what the business sector needs right now. This will only result in more layoffs and LESS revenue, coupled with higher social costs to the government for welfare, unemployment insurance, medicaid, food stamps etc.

What they should be doing is CUTTING payroll taxes, which would provide some stimulus to struggling businesses, and also result in some job creation, which in turn would increase revenues.

Although this isn't surprising at all- it's typical backwards democrat thinking- what is surprising is that 4 Democrats actually oppose this payroll tax hike.

5 posted on 05/03/2009 11:59:59 AM PDT by Nathan Zachary
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To: reaganaut1
Burden the damn RIDERS of the MTA. It's wrong to force people who don't use a service to subsidize others. Leave it to a stupid liberal to engage in wealth redistribution to distort that transportation marketplace.
6 posted on 05/03/2009 1:53:48 PM PDT by Myrddin
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To: reaganaut1

Well, let me tell you of the story of a man named Charley
on a tragic and fateful day.
He put ten cents in his pocket, kissed his wife and family, went to ride on the M.T.A.

Chorus:
Well, did he ever return? No, he never returned and
his fate is still unknown.

He may ride forever ‘neath the streets of NEW YORK. He’s the man who never returned!

Now, you citizens of NEW YORK, don’t you think it’s a scandal
how the people have to pay and pay?
Fight the fare increase! Vote for George O’Brien!
Get poor Charlie off the M. T. A.

Chorus:
Or else he’ll never return, No, he’ll never return and his fate is still unlearned.

He may ride forever ‘neath the streets of NEW YORK.
He’s the man who never returned. ...


7 posted on 05/03/2009 1:53:55 PM PDT by Ruy Dias de Bivar (14. Guns only have two enemies: rust and politicians.)
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To: Ruy Dias de Bivar

“These are the times that try men’s souls. In the course of our nation’s history, the people of Boston have rallied bravely whenever the rights of men have been threatened. Today, a new crisis has arisen. The Metropolitan Transit Authority, better known as the M.T.A., is attempting to levy a burdensome tax on the population in the form of a subway fare increase. Citizens, hear me out! This could happen to you!”


8 posted on 05/03/2009 1:56:23 PM PDT by abb ("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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