Congestion pricing or bridge tolls would only raise a fraction of the revenue from the full payroll tax, but would probably provide more than enough to offset the loss of payroll tax revenue from suburban counties. (nyc.streetsblog.org)
The benefits of aviation to the State of New York are also contained in the proclamation, highlighting the significant amount of economic benefit to the State from aviation, «creating over $ 50 billion in annual economic activity, employing more than 394,500 New York State residents, and generating $ 18 billion in payroll tax revenue and $ 4.5 billion in state and local tax revenue annually.» (readme.readmedia.com)
In October, Obama and Congress kicked the can down the road by temporarily reallocating «Social Security payroll tax revenue from the trust fund for retired workers to the trust fund that pays disability benefits,» according to Rutgers scholar Dory Devlin. (policygenius.com)