What’s the Rush? Save the Cohen Wage Tax Rebate!
One of the last accomplishments of long time progressive Councilmember David Cohen—a rebate on the wage tax for those with low incomes—may be repealed tomorrow. It shouldn’t be. There are good policy arguments both for and against the wage tax rebate. I’ll come to some of them in a moment. But, frankly, at the moment those arguments are secondary. The key reason not to repeal the legislation tomorrow is that the decision to put off AVI for a year means that Council is going carry out a broad examination of taxation in the city next year. The Cohen wage tax rebate is not scheduled to go into effect until 2016 anyway. So there is plenty of time to reconsider it as we think through the future of taxation in Philadelphia. Any city like Philadelphia has to balance considerations of progressivity and economic growth. While, progressive taxation has very little negative… Continue reading