De Blasio Pushes for Tax on the 1% to Fund New York City Subway Fix - Bloomberg

De Blasio Pushes for Tax on the 1% to Fund New York City Subway Fix - Bloomberg:
"New York (AP) -- The mayor of New York City wants to tax the wealthiest 1 percent to fund repairs and improvements to the beleaguered subway system.
The proposal comes as Mayor Bill de Blasio and Gov. Andrew Cuomo, both Democrats, continue to squabble over responsibility for paying for repairs to the nation's largest transit system that has seen growing delays, mechanical failures, power outages and even derailments.
...It would affect about 32,000 of New Yorkers filing taxes in the city, or just less than 1 percent, officials said.
...New Yorkers already contribute to the agency through other taxes and fees.
De Blasio's plan also includes funding to offer half-price fare cards for low-income riders..."