With cuts to tax benefits for transit commuters set to be triggered at the end of the year, it is essential that Congress act to ensure that transit riders benefit from the same tax incentives available to commuters who drive to work.
Earlier this year, Congress made commuting to work more affordable for millions of Americans who rely on public transportation. Transit parity — or equal tax benefits for commuters who drive and for those use public transit — was enacted by Congress as a way to save money for public transit riders. Prior to parity, benefits for drivers and public transit commuters were unequal, resulting in an unfair incentive for drivers at a time when Americans should be encouraged to use public transit — a more efficient and sustainable transit option. The transit-parking benefit parity was sound public policy that resulted in less congestion, lower gas consumption and better air quality. [Read More]