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(Philly Mayoral) Candidates agree: Keep cutting tax on business
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| Parent(s) |
Race
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| Contributor | Scott³ |
| Last Edited | Scott³ Jun 30, 2007 05:32pm |
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| Category | News |
| Media | Newspaper - Philadelphia Inquirer |
| News Date | Saturday, June 30, 2007 11:30:00 PM UTC0:0 |
| Description | Philadelphia Inquirer article.
An excerpt...
"The Democratic and Republican candidates for mayor of Philadelphia came together yesterday for their first joint appearance of the general-election campaign.
It wasn't a debate.
No, Michael Nutter and Al Taubenberger held a news conference to announce their agreement on something - namely that they, unlike Mayor Street, intend to keep cutting business taxes.
Their statement was prompted by the revised five-year plan the Street administration submitted Wednesday to the Pennsylvania Intergovernmental Cooperation Authority, the agency that oversees the city's finances.
In the plan, the administration said it would cancel scheduled cuts in the gross receipts portion of the business privilege tax as of 2010.
Taubenberger and Nutter called that a terrible idea and said that neither one of them would let it happen.
"This is one issue that we absolutely, positively agree on," Nutter, the Democrat, said.
Republican Taubenberger called abandoning the tax cuts a "big mistake" and "something neither one of us would stand for."
The gross receipts tax is frequently cited as onerous and unfair because it applies to businesses regardless of whether they are profitable."
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