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Articles on Infrastructure 2021

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Several lawmakers from high-tax states like New York are pushing for changes to a key tax deduction in Democrats’ $3.5 trillion spending package. Kent Nishimura/Los Angeles Times via Getty Images

Some rich people will love at least one sweetener in Democrats’ $3.5 trillion plan

The 2017 tax cuts put a $10,000 cap on the deduction for state and local taxes. The richest households would see the biggest gains from eliminating or raising the cap.
New York’s Metropolitan Transportation Authority was hit hard by a 79% ridership reduction during the pandemic. It needs an extra $8 billion through 2024 to avoid service cuts and layoffs. Spencer Platt/Getty Images

Pandemic-stricken mass transit would get $85 billion in Biden stimulus plan – a down payment on reviving American cities

Transit agencies could use the money to buy new subway cars, buses and maintain rails. The funding is designed to build on last year’s emergency aid, which kept transit operating through the pandemic.

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