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Description
From the Stated Meeting of Philadelphia City Council held Thursday, April 8, 2021:
Councilmember Allan Domb (At Large) today introduced a package of bills focused on reforming the City of Philadelphia’s tax structure to create an attractive environment for businesses, workers and families to locate and grow in the city.
Each of the three bills introduced would change the city’s tax code by reducing the rates for the Wage Tax and Net Income Tax and eliminating the burden for businesses having to pay both the Net Income and Gross Receipts. Read more: https://phlcouncil.com/councilmember-domb-introduces-tax-reform-package-to-grow-citys-future-create-family-sustaining-jobs/
A
A
We
can
use
this
moment
to
keep
down
the
same
path
we've
been
on,
or
we
can
take
old
actions
to
help
change
the
trajectory
of
philadelphia
and
proposing
these
three
bills
today.
I
hope
to
start
a
much
needed
and
important
conversation
about
reopening
our
economy
and
about
how
we
grow
into
the
future.
This
includes
creating
more
family,
sustaining
jobs
for
residents,
helping
our
small
and
medium-sized
businesses
and,
overall,
how
we
make
philadelphia,
an
attractive
place
to
live
work
and
do
business
now's
the
time
to
examine.
A
What's
working
and
what's
not
working,
we
need
to
explore
how
we
get
the
desired
results.
We
all
want
a
need
for
philosophies.
This
crisis
is
an
opportunity
for
change
and
tax
reform
that
can
restore
our
economy
and
benefit
our
residents
and
businesses
for
years
to
come
into
the
future.
Our
present
crisis
will
not
allow
us
to
continue
to
tolerate
having
one
of
the
highest
tax
burdens
among
the
largest
u.s
cities
while
having
the
lowest
employment
rate
per
1000
residents.
A
We
need
to
create
an
attractive
environment
for
businesses,
workers
and
families
to
grow
here
and
locate
here.
This
is
especially
true
for
all
those
small
and
mid-sized
businesses
that
are
already
here
and
have
been
deeply
affected
by
the
pandemic.
They
are
our
backbone,
they've
been
loyal
to
our
city.
We
appreciate
each
and
every
business
in
our
city
that
has
stayed
despite
the
many
forces
working
against
them.
This
pandemic
has
highlighted,
if
not,
magnified,
the
difficulties
that
come
with
bringing
back
demand
to
the
city.
A
A
A
The
rest
of
the
tax
package
addresses
what
my
colleagues
and
I
have
heard
in
several
council
hearings
over
the
last
several
years
from
experts
around
the
country.
We
have
heard
that
we
are
the
only
city
in
the
united
states
that
taxes,
net
income
and
gross
receipts,
and
we've
also
heard
that
of
the
top
20
cities,
the
united
states.
We
have
the
second
highest
corporate
income
tax
rate
for
companies.
A
If
we
do
not
see
this
as
a
potential
threat
to
our
competitiveness
in
the
region
and
future
job
growth
for
our
city
that
we're
not
paying
attention,
these
next
two
bills
address
those
issues
by
reducing
the
tax
burden,
to
allow
businesses
to
pay
the
higher
of
either
the
net
income
or
gross
receipts
portion
of
the
business
income
and
receipts
tax.
This
will
eliminate
the
requirement
to
pay
both
and
places
on
a
more
level
playing
field
compared
to
the
other
cities
in
the
united
states.
A
And
lastly,
the
proposed
reform
package
reduces
the
net
income
portion
of
the
business
income
receipts
tax,
the
taxed
at
16.2
by
more
than
half
of
the
next
10
years
again,
to
ensure
our
competitiveness
among
u.s
cities
and
within
the
region.
I
think
we
can
expand
our
tax
base
faster
if
we
start
thinking
with
a
job
growth
mindset
and
given
the
stimulus
packages
we're
seeing
from
president
biden's
administration.
A
I
am
hopeful
that,
with
all
these
things,
working
together
in
tandem,
we
can
all
achieve
our
goals
as
we
move
forward
in
these
discussions.
I
hope
we
all
consider
and
appreciate
our
need
to
be
more
competitive,
philadelphia,
isn't
an
island
and
people
and
businesses
have
more
choices
than
ever
before.
A
Competition
has
never
been
greater
than
right
now,
and
we
can
do
this.
The
current
budget,
which
has
increased
by
a
billion
dollars
over
the
last
five
years,
has
made
minimal
investment
in
our
tax
structure
in
order
to
expand
our
tax
paying
base.
In
a
hearing
last
week,
we
saw
unheard
that
this
increase
in
spending
we
weren't
made
safer
and
we
made
no
meaningful
dent
in
the
level
of
poverty
for
philadelphia.
A
I'd
like
to
explore
with
all
of
you
how
we
take
revenue,
growth
and
dedicate
funds
to
philadelphia's
poverty
fund
and
violence
prevention
programs
to
continue
to
tackle
these
primary
issues
in
our
city.
The
goal
of
these
bills
is
to
create
an
open
dialogue
and
start
thinking
outside
the
box
to
reform
our
tax
structure.
I
plan
to
engage
everyone
in
this
conversation
and
it's
important
that
we
take
this
rare
opportunity
to
think
about
what
we
do
in
order
to
alter
the
city's
current
trajectory.
A
This
is
a
moment
in
time.
It's
an
opportunity
for
us
to
reopen
our
economy
with
the
pro-jobs
tax
program
that
will
create
a
stronger
economic
tax,
paying
base
for
the
future
of
our
city,
which
will
generate
the
funds
we
need
and
help
our
residents
climb
out
of
poverty
and
fund
violence
prevention
programs.
We
desperately
need.
I
look
forward
to
working
with
all
of
you
as
we
move
this
discussion
forward.
Thank
you
for
your
time
and
thank
you,
mr
president.