- Pennsylvania Among 'Terrible 10' Most Regressive Tax States
- February 4 Non-Partisan Training: HOW TO RUN FOR ELECTION BOARD IN 2013: HOW TO RUN FOR COMMITTEEPERSON IN 2014
- Republican Governors Opt-In to Medicaid Expansion
- The Reports of Unions' Death Are Greatly Exaggerated
- Ask Allyson Schwartz to run for Governor
- Mind the gap: Opting Out of Medicaid Expansion Leaves Low-income Families Behind
- Jan. 14 Workshop:HOW TO RUN FOR ELECTION BOARD IN 2013; HOW TO RUN FOR COMMITTEEPERSON IN 2014
- Seth Williams on Guns, Jasmine Rivera on School Closures @PFC Meetup Wednesday
- PA Revenue Strong Midway Through Year; Tax Cut Could Have Big Impact
- What to Make of the Fiscal Cliff Deal?
U & O tax
Today’s Inky reports that the Chamber of Commerce is getting all up on its 1% haunches about Councilman Bill Green’s proposal to raise the Use and Occupancy tax for the schools. It just gets me the way the “liberal media” goes all wobbly at the knees whenever the Chamber in all its imperial wisdom speaks. Today our lordly overseer says that raising the U & O is a no no because, among many other things, “tenants remain mobile and react swiftly to price changes in this environment." That quote is from Rob Wonderling, the former Republican State Senator and present Chamber President. Several other wise men are quoted in agreement. The Inky can seem to find no one who disagrees.
So what is this horrible U & O tax? It’s a tax on the value of real estate occupied by businesses. It’s been around for thirty years or so as a workaround of PA law which bars commercial real estate from being taxed at a higher level than residential. As the Inky does acknowledge, that means -- compared to other Northeastern cities -- Philadelphia businesses don't pay a whole lot of real estate tax. But you have to scroll down to get to that. Way up high you have the prediction of Mr. Crocodile Tears himself (also known as Robert Zuritsky, president of Parkway Corp.) that increasing the tax would cost 10,000 to 25,000 jobs in two years.
Be scared out of your bejabbers everyone, very scared. Apparently Bill Green who sponsored the U & O increase is appropriately, awesomely scared, because according to the article, he’s abandoned his own bill. Others in Council are listed as skeptical to say the least.