The Public Transportation Incentive Program is a great program. Its elimination would change my commuting habits.
However, considering the federal debt crisis and the dearth of private sector job opportunities, now is not the time for government to subsidize anything! Eliminate the program and eliminate its costs.
A better approach considering available technology is to encourage employees to telework. This would eliminate or severely curtail commuting costs, reduce traffic on the roads, and cut down on the need for office space and other costs inherent in providing workspace for employees.