December 18, 2017
If Congress passes the GOP-backed tax reform bill this week, the already-beleaguered Metropolitan Transportation Authority will find itself in even more financial trouble, says a joint study released by transit advocacy groups Riders Alliance and the Tri-State Transportation Campaign on Sunday. The legislation adds $1.46 trillion in debt by providing the wealthiest Americans and corporations with tax cuts. As amNY reported, the tax plan would jeopardize the financing of major projects from the MTA like expanding the Second Avenue subway and even everyday operations. The MTA relies on federal funds to pay for about 23 percent of capital needs.
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