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#StopTheMadness – Tax Amnesty could solve the MTA dilemma

NEW YORK – DECEMBER 19: Commuters pass through Grand Central Terminal during morning rush hour December 19, 2005 in New York City. Transit workers continue to negotiate a contract with the Metropolitan Transit Authority while saying a system-wide strike will occur if an agreement is not reached by 12:01 a.m. tonight. (Photo by Mario Tama/Getty Images)

Watching the epic battle between Governor Cuomo and Mayor de Blasio as the MTA falls deeper into crisis, reminds me of the Lord of the Rings battle for Middle-earth. Only, New York is not dealing with a fictional problem – our main transportation system is literally crumbling beneath our feet.

So, while our politicians are shuttled around in black SUVs while playing the blame game, the rest of us are asking who’s going to pay to clean up this mess. There is no reason to mandate another wealth tax on the 32,000 city residents who already pay almost half (49.2 percent) of the city’s income taxes or implement congestion pricing, which is a backdoor tax that hits a struggling middle class and small businesses. Instead the city and state could fill the MTA coffers by December with a comprehensive tax amnesty initiative.

MTA officials have pegged the cost for emergency repairs of the subway system at over $800 million. History proves that the development and execution of a professional tax amnesty program could net the MTA these badly needed dollars.

Read the full article at The Huffington Post