City Council and the Nutter administration reached agreement Monday on two bills that would eliminate most business start-up fees and provide significant relief from the widely despised business-privilege tax. The fees and taxes long have been blamed for putting the city at a disadvantage when competing with the suburbs and other cities to attract employers.
The bills, which were moved out of Council’s Finance Committee on Monday, eventually would provide more than $70 million in relief, signaling that the city “is open for business,” said Councilman Bill Green, who cosponsored one of the measures. “It’s a tremendous victory for businesses in the city . . . and for people looking for jobs,” he said. “This is the biggest impact in tax reform done for businesses in the history of Philadelphia in a single day.”
Councilman James F. Kenney, who sponsored the bill to help start-up businesses, said that “almost every problem we deal with in this city” is caused by people out of work. Both bills, he said, are meant to jump-start employment. Government figures place the city’s unemployment at 11 percent, but Kenney said the real figure was probably closer to 25 percent.
“Imagine, if every person in this city who could work was working, the money we would not spend on those human services and police and courts and prisons,” he said. LINK
HOLY CRAP! Did I read this correctly? It looks and sounds as if Philly’s City Council (the worst in the nation save San Francisco) has FINALLY realized their parties economic philosophy (tax, spend, regulate, repeat) doesn’t actually work. In a stunning admission even Mayor Michael (Squidward) Nutter has joined in the Hallelujah chorus.
Philadelphia is a typical liberal dominated abortion of a big American city. High crime, budget deficits measured in generations, a virtual welfare state within a state, a generally corrupt government rife with institutionalized waste, fraud, abuse, graft, corruption, pay-to-play politics, no-bid contracting schemes, voter fraud and outright theft. In short an utterly failed business model. (The DNC platform)
Yet despite those dismal qualities the entrenched democrat political machine has refused to do anything differently mainly because their patronage system of handouts and perks allow them to get re-elected year in and year out usually without opposition. I guess things have finally hit rock bottom. These liberal local governments who can’t provide the essential services they are required to must realize they can no longer count on the states or the feds to bail out their failed economic policies anymore. They are being forced to live within their means…SHOCKA! That means attracting REVENUE PRODUCERS AKA BUSINESSES! From Mayor Nutter:
Nutter called the two bills “a dramatic shift in policy.” “Changes need to be made to the tax structure of the city of Philadelphia,” he said. “We are now embarked on a new direction.”
Sums it all up right there folks! A dramatic shift in policy that smells a whole lot like trickle down economics to me: Cut tax rates for businesses and entrepreneurs who create jobs. Those employers in turn increase the tax base and revenue collected thus expanding the local economy, while decreasing the demand for basic services. Those employed become tax payers and consumers in turn increasing the demand for goods and services. Sheesh… so simple a fireman can do it. Hopefully it’s not too little too late. Stupid liberals.