The Philadelphia Inquirer today had an editorial encouraging continued efforts to enhance tax competitiveness. The City’s projected budget surplus is $168 million. The state fiscal oversight agency PICA doesn’t think that the City’s budget plan "meaningfully" addresses its "uncompetitive tax structure." Mayor Street's thinks an additional one-year reduction of the City's gross-receipts tax on business is fine, while Councilman Michael A. Nutter offers a more effective plan, with five years of programmed cuts in the gross-receipts tax. Guaranteed tax-cuts give businesses a level of comfort that this City is headed in the right direction and encourages them to make commitments to growing. An even better advancement would be Nutter's proposed net-profits business tax cuts. Unfortunately, even after 11 years of progress, Philadelphia ranks highly among American cities with the highest taxes. Nothing generates tax revenue like adding jobs, particularly Center City office jobs. Let’s keep moving forward towards tax competitiveness.
Saturday, May 20, 2006
- A Smoke Filled Room
- Above Average Jane
- Akkam's Razor
- All for the Taking
- Boundless Philadelphia
- East Falls Development Corporation
- Greater Philadelphia Sustainable Business Network
- Kiko's House
- Mere Cat
- Our Green Cities
- Philadelphia Animal Welfare Society
- Philadelphia Bicycle News
- Philadelphia is My Home
- Philly Future
- Pound for Pound
- The Next American City
- The Tattered Coat
- Young Philly Politics
- ► 2007 (110)
- Pennsylvania's Job Count Reaches New Record
- Friday Agricultural Factoid
- Rendell and Pennsylvania Grow Greener
- John Dougherty: He Said, He Said
- Pennsylvania's Official Bumper Sticker Contest Und...
- The Wild, Wild East
- Judge Edward Becker Passes
- Environmental Issues are a Top Concern for Philade...
- Make Tax Competitiveness a Priority
- Tax Collection in Pennsylvania
- Vote for Ethics in Tomorrow's Election!
- IssuesPA/Pew Poll Shows Pennsylvanians Dissatisfie...
- Friday Agriculture Factoid: Two for the Price of O...
- Not so Much Turnover in the PA Leg
- Rendell Leads Swann in Latest Poll
- Voters Split on East Falls And River Slot Parlor S...
- May is Beef and Egg Month in Pennsylvania
- Friday Agriculture Factoid
- PhillyCarShare and City of Philadelphia Named Fina...
- The Autobiography Project
- Philadelphia International Airport Shows Strong Gr...
- ▼ May (21)
- ► 2005 (219)