Statements from Senator Stewart-Cousins in Support
ALBANY, NY — The New York State Senate passed legislation last night to repeal the MTA Payroll Tax. The bill redirects four existing revenue streams into the MTA’s operating budget to mitigate the short term financial impact of the payroll tax repeal. It does not raise or create any new taxes or fees. Senator Andrea Stewart-Cousins (D/I/WF- 35th District), who voted for the repeal, released the following statement:
"It’s no secret that businesses are struggling – just like governments, nonprofits and everyday New Yorkers. Repealing the MTA Payroll Tax is a critical step toward ensuring businesses stay in New York, create jobs and help get our economy back on the right track."
The Senate also passed legislation last night requiring a full independent forensic audit of the MTA’s operating expenses.
Senator Stewart-Cousins released this statement in support: “We cannot allow a quasi-government agency to continue to operate with little accountability, especially when they depend on taxpayer dollars. That’s why I supported the independent forensic audit of the MTA's books, because New Yorkers deserve to know how their tax dollars are being spent. This is also an opportunity for the MTA to find savings within their balance sheets, and improve their much-criticized financial practices.”