Schumer Says Transit Benefits Will Be in Highway Bill
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Senator Charles Schumer, a New York Democrat, is calling on the Republican-controlled U.S. House of Representatives to pass legislation including expanded tax benefits for transit riders that lapsed Dec. 31.
Last year workers were able to set aside $230 a month before taxes to cover the cost of their transit commutes. Since expiring on Dec. 31, the benefit has been capped at $125 a month. Schumer has attached a provision to the highway bill the Senate is considering this week that would raise the monthly benefit to $240 through 2012 and make it retroactive to Jan. 1.