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Search Tags: Chuck Schumer
Are you a federal employee who uses public transportation to get to work? Be prepared to shell out more for your commute. Because of congressional inaction, a tax subsidy for mass-transit commuters is set to drop nearly in half — from a maximum of $245 a month to $130.
If Congress fails to act by the end of the year, a tax subsidy for commuters who use mass transit is set to drop from a maximum of $245 a month to $130. At the same time, fringe benefits for parking are set to rise to $250 a month starting in January. Two stand-alone measures in the House and Senate would restore parity between the parking and mass-transit subsidies
Attorney General Eric Holder on Tuesday acknowledged serious mistakes in an arms-trafficking probe that allowed AK-47s and other weapons to leak into the black market, but he insisted the Justice Department was taking steps to ensure that never happens again.