'It's about time' for millionaire's tax to fix subway: de Blasio

Bill de Blasio Will Push for Tax on Wealthy to Fix Subway

The worsening system is hurting Cuomo's approval ratings among New York City voters, and de Blasio is blamed for the problem by the city subway workers' union.

"It's $7 a day - that's a half-hour of parking in a typical Midtown Manhattan garage", de Blasio said at the campaign-rally-style event in front of a podium of sign-waving activists. He said the state and city have short-changed the MTA for years, and a temporary tax would generate about $2 billion.

But the mayor is singing a completely different tune this week, as he proposed a tax hike for the city's richest residents in order to pay for the fixes. Joseph Llota, chairman of the Metropolitan Transportation Authority, recently unveiled an emergency plan to stabilize the system at a cost of about $836 million. The Mayor could pay for fair fares through the city general fund, however, and not wait through the long, laborious process of securing state legislative approval.

City officials estimate that the tax would be paid by about 32,000 New York City tax filers, or less than 1 percent of those who file their taxes in the city. "There is no doubt that we need a long-term dedicated funding stream", he said.

The transit system in Seattle began offering reduced fares for low-income riders in 2015 and has signed up more than 40,000 people.

"You can't delay an emergency plan to stop delays", said Lhota in a statement on Monday, according to NY1.

Hey, as de Blasio says, what's "a little extra" among millionaires?

According to the New York Times, Mayor de Blasio will announce the tax proposal on Monday, which comes nearly two weeks after MTA chairman Joe Lhota unveiled a 30-point action plan to fix the ailing subway system.

Vanterpool added that she would also like to see the mayor consider congestion pricing, something that the Times reported Cuomo may be starting to look into.

The tax would hike the top income tax bracket from about 3.9 percent to 4.4 percent for married couples earning over $1 million and individuals earning over $500,000.

"If the city wants to up its contribution to help shore up the subways for commuters and their families - which we support - it certainly has the means to do that", Mr. Reif said in a statement.

In response, the state's transit authority came up with an $8.8 billion plan to stabilize and then overhaul the subway. Women are more likely to live in poverty in New York City, and the poverty rate is higher among black, Hispanic and Asian residents, according to the city's statistics on poverty.

John Raskin, executive director of the Riders Alliance, was more receptive.



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