When it comes to the Metropolitan Transit Authority , commuters rarely get a break to save some extra cash. That’s why Sen. Chuck Schumer is fighting to make a Stimulus Act provision that allows straphangers to use $230 in pre-tax wages for public transit permanent, according to the New York Daily News.
“In every corner of every borough, families are struggling to make ends meet,” said Schumer (D-NY). “It's more important than ever that the federal government not throw salt in their wounds."
If lawmakers don’t keep the current provision in place, the pre-tax amount commuters will be able to use to pay for mass transit will drop to $120. The tax break has allowed individuals to save more than $1,000 a year on public transportation. Overall, the provision has saved taxpayers $150 million each year. Employers have saved an estimated $35 million in payroll taxes using TransitChek, according to the Daily News.