NYC Mayor Bill de Blasio proposes tax hike on wealthy to pay for crumbling mass transit system, well it been crumbling go all the way back to the 1900's and how much money has been spent? the reason, it crumbling is you spend more time playing around with liberal social issues , that why it happening.

nyc mass transit 1800

he New York City public transportation system is falling apart and Mayor Bill de Blasio believes he’s found the cure: higher taxes on the rich.

De Blasio unveiled Monday a plan that would saturate NYC’s public transportation with $700 million to $800 million to fix existing problems and maintain the mass transit system, which includes an extensive subway system and a fleet of buses.

The New York Post reported that de Blasio has proposed a 14 percent income tax hike on the city’s wealthiest residents to pay for his infrastructure plan.

That tax hike would apply to individuals earning more than $500,000 per year or married couples earning more than $1 million per year. The tax rate would jump from 3.876 percent to 4.41 percent annually. That means for an individual making $1 million a year, they would pay $2,700 more to the city annually. The plan would affect an estimated 32,000 city residents, de Blasio said in a statement released by city hall.

http://www.theblaze.com/news/2017/08/07/nyc-mayor-bill-de-blasio-proposes-tax-hike-on-wealthy-to-pay-for-crumbling-mass-transit-system/