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Senate GOP Blocks Schumer's Efforts To Extend Tax Benefit For Mass Transit Riders

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TWC News: Senate GOP Blocks Schumer's Efforts To Extend Tax Benefit For Mass Transit Riders
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Senate Republicans blocked efforts by Senator Charles Schumer to extend a critical tax benefit for mass transit riders.

It allows commuters to spend up to $245 per month of their pre-tax income on public transportation.

According to Schumer's office, about 700,000 New York-area commuters take advantage of the tax break, saving them more than $1,000 each per year.

"We should not hold the mass transit commuters of America hostage. We should not make them second class citizens. Their deduction is every bit as important, every bit as justifiable as those who drive and park,” said Schumer.

On January 1, the benefit will get slashed in nearly half, meaning riders will only be allowed to set aside $130 per month.

Commuters who drive to work will continue to receive the full tax break for parking.

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