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Senate committee reverses commuter benefit cut

Inside a proposed Senate transportation bill is a provision that, if approved by Congress, would reverse cuts to the monthly pre-tax transit benefits available to workers who use public transportation and vanpools.

By Jenny Ivy | Updated on February 07, 2012
Senate Finance Committee Chairman Sen. Max Baucus, D-Mont.(AP Photo/Evan Vucci)

Inside a proposed Senate transportation bill is a provision that, if approved by Congress, would reverse cuts to the monthly pre-tax transit benefits available to workers who use public transportation and vanpools. 

Max Baucus, D-Mont., chairman of the Senate Committee on Finance, signed off Tuesday on revisions to the Highway Investment, Job Creation and Economic Growth Act of 2012. The bill now includes Sen. Charles Schumer’s amendment that would bring to parity the monthly amount that can be set aside tax-free for public transportation expenses and parking costs.

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