Subway Tax Facts
Mayor de Blasio has long maintained that the MTA funding crisis is the state government’s responsibility. But last week, he announced a plan to pay for subway repairs by raising taxes on the highest-earning New York City residents. It’s encouraging that the mayor wants to work with Albany to fix the deteriorating subway system, but tax increases on New Yorkers who already pay the most taxes are not the way to do it.
The Facts You Need to Know
Try Again: De Blasio has unsuccessfully proposed higher taxes on the rich more than once. Read more.
Fair Share: The mayor says that the rich must pay their “fair share”–but the taxes paid by top earners represent a higher percentage of total taxes paid than their income represents of total income earned. Read more.
Big Problems: The MTA’s structural problems extend well beyond the current subway crisis. Read more.
“I’m pleased Mayor de Blasio recognizes that additional funds contributed by the city would further that goal, but raising taxes is not the answer.”
The Past is Present
“The Metropolitan Transportation Authority announced its holiday present to New York early: half-price subway and bus fares on weekends between Thanksgiving and New Year’s, and all week between Christmas Eve and New Year’s.”
And in other news...
“New York City has roughly 6.6 million residents of voting age but only about 4.99 million registered voters…”