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For Release — Feb. 9, 2010

Business Council says MTA tax going from bad to worse

ALBANY— “We opposed this ‘jobs tax' last year, and we oppose increasing this tax on jobs and payrolls within New York City,” said Kenneth Adams, president and CEO of The Business Council of New York State, Inc. “Increasing the MTA payroll tax will damage the city's economic recovery and drive jobs from the city and the state.”

“The current tax is unfair to the suburban counties in the region,” Adams added, “Reducing the tax in the suburban counties is vital. But shifting the burden to New York City employers is not the answer.”

“The MTA needs to reduce its costs and any additional revenue needs to come from some other source, such as the fare box or bridge tolls, rather than a job-killing tax,” concluded Adams.

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