STATEMENT BY TRANSPORTATION FOR MASSACHUSETTS DIRECTOR KRISTINA EGAN ON FEDERALTRANSIT TAX BENEFIT RESTORED FOR COMMUTERS IN FISCAL CLIFF DEAL
January 7, 2013
On behalf of all commuters in the Commonwealth, we applaud the efforts of our federal delegation, but especially the leadership of Representative Jim McGovern and Senator John Kerry, to restore parity between transit commuters and motorists by increasing the pre-tax benefit for transit commuters to $240 per month through the end of 2013. A provision in the “fiscal cliff” agreement, this measure increases the current $125 per month benefit by $115, making it equal to the benefit enjoyed by car commuters for parking expenses.
This will not only provide hundreds of dollars in tax relief for Bay State commuters, but will further encourage the use of our commuter transit system, relieving congestion on our highways, removing pollution from our air and adding fare revenue to the system.
Despite the hard work of the Massachusetts delegation, federal transportation monies still fail to fully fund Massachusetts’ present transportation needs. These kinds of incentives are helpful in light of the lack of federal funding as Massachusetts now focuses on stabilizing, maintaining, and modernizing our transportation system.
Transportation for Massachusetts Director
Full post: T4MA_Transit Parity StatementII