The Bush administration has decided to give New York Gov. Pataki and Mayor Bloomberg what they wanted: the use of tax benefits to help with the continued reconstruction of lower Manhattan:

The new funds generated could be used to build a new rail link from Long Island and JFK airport into Lower Manhattan, increasing the global competitiveness of New York while helping hundreds of thousands commuters on Long Island and boosting the long-term job creation efforts in the City.

This followed the Bush Administration's decision to extend the Liberty Bonds program, which raised $8 billion for various projects in the city.