Payroll Tax

Time's Michael Kinsley explains why now is the perfect time to introduce a revenue-neutral gas tax, with the revenue used to lower the payroll.

The MTA rescue plan, with its new East & Harlem River bridge tolls and first-ever, 12-county transit payroll tax cleared a major political hurdle by winning the crucial support of NY Gov' Paterson. Winning support from mayor, outer boroughs remains.

A rescue package for New York’s debt-ridden M.T.A. includes two new revenue generators: first-ever tolls for the East and Harlem River bridges, and a 12-county, corporate payroll tax, to supplement fare and toll increases and transit service cuts.