Jeff Yass Makes a Joke
Originally published at Pennsylvania Policy Center on June 19, 2025. By Marc Stier It appears that my recent letter to the editor in the Inquirer, claiming that business taxes are not a deterrent to business activity in Philadelphia, got under the skin of MAGA mega-donor and Pennsylvania’s richest man, Jeff Yass. He responded with a letter of his own: “In a recent letter to the editor, Marc Stier of the Pennsylvania Policy Center states that research shows business taxes are not deterrents to economic growth. Quite the opposite, he adds. The city wage tax, currently about 3.5%, generates approximately $2 billion per year. May I suggest we double it to 7%, raise an additional $2 billion, and increase per-child spending in Philadelphia to $42,000 per student — up from the current $32,000 — for each of our Jeff Yass, Bala Cynwyd Jeff Yass’s financial acumen is highly touted, so I’m a… Continue reading
