Eliminating Philly’s small business tax exemption is unpopular in City Council

Eliminating Philly’s small business tax exemption is unpopular in City Council

Tax relief on the first $100,000 of revenue for businesses in Philadelphia could either be eliminated or doubled in the next city budget.

City Council progressives are pushing back on Mayor Cherelle Parker’s tax cut proposal with a plan of their own

Councilmember Kendra Brooks is reviving her proposal to create a so-called "wealth tax" on stocks and bonds for Philadelphia residents.

Philadelphia Council Minority Proposes Tax Changes

by Alex Lloyd Gross https://youtu.be/1D8w2MUb3MI?si=qCTRRUzCVEbmYZtQ Small businesses will be hurt under proposed changes by Mayor Parker, say Council members Kendra Brooks and Nicolas O'Rourke. Currently, small businesses in Philadelphia do not pay city tax on the first $100,000 they make. This is called the BIRT exemption. The plan is to do away with this exemption....

CITY COUNCIL’S MINORITY WING PRESENTS TAX PLAN TO BENEFIT SMALL BUSINESSES AND WORKING FAMILIES

Councilmembers Kendra Brooks and Nicolas O’Rourke Announced the People’s Tax Plan, Which Expands Tax Refund and Tax Relief ProgramsPHILADELPHIA – Today,