The MTA payroll tax affects more than 700,000 small businesses and the self-employed. Taxing businesses is not the answer when the MTA consistently runs on a deficit.
In 2010 the MTA had over $31 billion in debt, and payments on the debt are in the billions each year. There needs to be deep systemic changes in the way the MTA operates and financed. The real issue,is how can the MTA get on solid financial footing so that we do not have these quick fix tax scenarios every few years? To let the MTA limp along while treating the symptoms and ignoring the underlying causes is just pushing the problems down the road.
To shift the MTA's fiscal problems onto businesses is unfair, bad for business and ultimately bad for New York. It is time to end the MTA tax.