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Hochul to Hike Business Taxes to Save MTA, Despite Congestion Toll

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Politics Nouvelles

Taxes,MTA,Funding

Gov. Kathy Hochul is considering increasing the payroll mobility tax on businesses to fund the Metropolitan Transportation Authority (MTA). This comes despite the recent launch of a $9 congestion toll aimed at generating revenue for the MTA. Critics argue that this new tax, along with the congestion toll, will place an undue burden on New Yorkers. The MTA requires significant funding to support a $68 billion capital plan, and sources suggest that the governor may propose additional fees and taxes to bridge the funding gap.

Gov. Kathy Hochul is considering hiking a dreaded tax on businesses to prop up the flailing Metropolitan Transportation Authority in a scramble to fillHochul’s budget director has admitted fees and taxes will be needed to feed the MTA’s massive capital spending and that remains the reality despite the Sunday launch of the governor’s new hated — but cash-generating — $9 congestion toll.

Trump warns Hamas 'all hell will break out’ if terror group doesn't release hostages before he takes office “The only thing certain is that this will not be a repeat of two years ago, when there was an increase in the payroll mobility tax exclusively imposed on New York City-based corporations,” said Kathy Wylde, CEO of the Partnership for New York City, a group repping big New York City businesses. “Any additional tax will need to be regional and broad-based.”

The payroll mobility tax is likely to face opposition from the state legislature which flatly rejected it when Hochul tried to use it during the congestion pricing pause last June.“Kathy Hochul is not solving the problem of inflation. She is making it worse through an endless extraction of hidden fees and taxes from working-class New Yorkers,” said Rep. Ritchie Torres , who is eyeing a run for governor.

While it’s unclear just how much of the tax employers pass onto their employees in real terms, fiscal experts say it adds to an already dismal climate for businesses in the state.The payroll mobility tax applies to businesses in New York City, on Long Island and in some Hudson Valley suburbs.

“The joke is that she is spewing a mantra about affordability when she is the one making our state and city less and less affordable to live in,” Ariola said. “I’d like to see the tolls and Hochul get the boot.”

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