Commuter benefits may be significantly reduced soon. The ARC tunnel died a second death. With so much partisan gridlock on the eve of the midterms, does transit — or the environment — stand a chance?
Web Extra: Transit commuter benefit in danger of being slashed Dec. 31
The American Recovery and Reinvestment Act (ARRA) included a provision to raise the monthly limit commuters can deduct from their paycheck on a pre-tax basis from $120 to $230 to pay for their commute and accrue savings. However, the additional savings will disappear if the law is allowed to sunset on Dec. 31, 2010, reverting to the $120 level unless Congress acts to extend it.
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