Defeat for business advocates
City Council passed a cut in the Business Privilege Tax two weeks ago, but it was presumed that John Street would veto it. And sure enough, he has.
(p.s.) Young Philly Politics had a somewhat snarkier take on the activity of the Chamber of Commerce et al. with regard to this bill, and a commenter adds another perspective.
Thwarting long-term tax-cut advocates for the second year in a row, Mayor Street yesterday vetoed a bill that would have locked in five years of incremental reductions in the city's business-privilege tax and established a schedule to eliminate the tax entirely by 2017.The usual suspects make the usual outraged responses, but the writing was on the wall some time ago...
(p.s.) Young Philly Politics had a somewhat snarkier take on the activity of the Chamber of Commerce et al. with regard to this bill, and a commenter adds another perspective.
2 Comments:
Me? Snarky? Never!
It's a bummer - it would have cost a bit more than $20 million over the next five years - a time during with the City would have expended over $18 billion on general operations. It's a shame that our "budget expert" mayor couldn't figure out a way to make these largely symbolic tax cuts a reality.
Post a Comment
<< Home