NY Biz Group Rips Proposed $1B Tax To Fund MTA Projects

Law360, New York (April 17, 2012, 5:08 PM EDT) -- A business group whose members include IBM Corp. and Kraft Foods Inc. on Tuesday ripped a proposal by Manhattan Borough President Scott Stringer to charge commuters who drive into New York City up to $1 billion a year to pay for Metropolitan Transportation Authority capital projects.

Counties surrounding New York City already are among the most heavily taxed regions in the country, according to the Business Council of Westchester.

"I just don't think it's well thought out," said Business Council of Westchester Executive Vice President John Ravitz,...
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