The Metropolitan Transportation Authority bailout is not a long-term fix, Nicole writes in today’s Post.   The downstate economy will pay a steep price for what will be, at best, a temporary solution to the MTA’s enormous budget shortfalls, she points out.

For what taxpayers are giving up here, they should’ve gotten more in return. Lost in the relief over the averting of MTA bankruptcy is the fact that the $1.5 billion annual payroll tax created to fund the deal is a tax on jobs. New York is already the least business-friendly state — and Downstate is already hemorrhaging jobs.

Here is the text of the bailout bill passed yesterday.

About the Author

E.J. McMahon

Edmund J. McMahon is Empire Center's founder and a senior fellow.

Read more by E.J. McMahon

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The Empire Center is an independent, non-partisan, non-profit think tank located in Albany, New York. Our mission is to make New York a better place to live and work by promoting public policy reforms grounded in free-market principles, personal responsibility, and the ideals of effective and accountable government.

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