Fair Fare Advocates Respond to Millionaire's Tax

Fair Fare Advocates Respond to Millionaire's Tax

"Taking responsibility is the first step toward a solution", Mr.de Blasio told a news conference, emphasizing that the system is controlled by the state.

Past year de Blasio floated a mansion tax to help pay for affordable housing for seniors.

Sources said the mayor's plan caught the MTA off-guard.

"A millionaires' tax would require some New Yorkers to pay, but the status quo requires literally millions of New Yorkers to pay in the form of lost wages, missed work and days ruined by breakdowns and delays".

Cuomo has said the state and city should split the cost of a short-term $836 million emergency subway fix plan unveiled by the Metropolitan Transportation Authority.

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The tax changes would require approval from state lawmakers in Albany - a hard hurdle, with Republicans in control of the Senate, though the urgency of the subway's decline has raised the stakes and captured the attention of both parties. "There is no doubt that we need a long-term dedicated funding stream", he said. De Blasio's plan also includes funding to offer half-price fare cards for low-income riders.

Cuomo and his newly appointed MTA chairman Joe Lhota, in separate statements issued Sunday, noted that de Blasio's plan would require legislative approval that could take up to a year to garner approval.

Lhota said the mayor should partner with him and match the state funding immediately to "turn the trains around".

She is more on board with Cuomo's rumored desire for some sort of congestion pricing fee on vehicular travel to and around Manhattan. It would affect just under 1% of people filing taxes in the city.

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.

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"The wealthiest among us will chip in to fix our subways".

Lhota, who learned about the proposal from The New York Times, said in a statement the MTA needs "short-term emergency financing now".

Mr.de Blasio's plan comes with several demands, including that Mr. Cuomo keep his promise for the state to pay $8 billion toward the authority's current capital plan and an additional $1 billion Mr. Cuomo committed for the subway in June.

All told, the tax would apply to an estimated 32,000 tax filers, less than one percent of the city's population, according to City Hall.

John Raskin, the executive director of the Riders Alliance, a New York City advocacy group that has called for reduced fares, applauded the mayor's push for new revenue and his support for half-price MetroCards.

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