Thursday, February 5, 2009

Sen. Schumer Proposed Expanded Tax Break for Rail Commuters

In a move that could take some of the sting out of transit fare hikes facing commuters around the country, U.S. Sen Charles Schumer, D-NY, has proposed increasing the maximum allowable monthly contribution to employer-issued commuter benefits, such as Transit-Chek, from the current $120 to $230. The proposal is contained in the economic stimulus package that was passed in the House of Representatives and is now before the Senate.

The higher amount would mainly benefit users of commuter lines such as the Long Island Rail Road, as opposed to subway and light rail patrons, because they pay higher fares. Newsday says the change could yield $1,000 in benefits for LIRR commuters.

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