Washington DC – Edward Wytkind, president of the Transportation Trades Department, AFL-CIO (TTD), responded to the long overdue extension of the transit tax benefit included in today’s Senate mark-up of a tax package:
“Congress effectively implemented a tax increase on working people on January 1 when it failed to avert the roll-back of transit tax benefits. Transportation is an expensive part of a household budget and in many cases is the second largest expense. Further, when transit benefits snapped back to a lower rate, Americans lost the parity they enjoyed between parking and transit benefits.
“The transit tax benefit helps working people – those who use our transit systems, and those who work for them. This benefit is also an example of what happens when government works: People save commuting costs and have access to safe rides to and from work, and employers have the confidence that their employees will get to work safely and on time.
“We have long called for the full reinstatement of the transit tax benefit and wholeheartedly endorse today’s action.”
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