Philadelphia City Council Makes Right Call: Rejects Soda Tax [Tax in the Can]

Philadelphia City Council Makes Right Call: Rejects Soda Tax [Tax in the Can]: "...In a move that critics contend will ultimately hurt the Philadelphia economy, council members opted to raise property taxes for a second year in a row. The Council approved a tax increase that would raise property taxes for one year by 3.85 percent. Even before this increase, Philadelphians already paid higher property tax rates than home and business owners in 211 of the 240 townships and boroughs in Montgomery, Delaware, Bucks and Chester counties. This is the third property tax increase in the city since 2008. Councilwoman Blondell Reynolds Brown quoted in the Philadelphia Inquirer said 'all of us knew we had to do something. Soda fell flat.” The “something” Councilwoman Brown mentions is a tax increase that will reduce Philadelphians’ disposable income by $100 million in the coming year...

Read more: http://www.atr.org/philadelphia-city-council-makes-right-call-a6258#ixzz1PqQ6EadY"