The BPT: once more with feeling
I would like to broaden the debate about the BPT a bit and explain why, from a progressive point of view, it is not a good tax. But, before I get to that, however, let me make four preliminary points about the BPT and economic development and explain why I would not vote to reduce the BPT except as part of a package of economic development programs and tax reforms. 1. I do think that reducing business taxes is one way to create more businesses and jobs in Philadelphia. But it is not the only way or the best way. To understand why, you have to grasp that we have two economic development problems in the city. The first has to do with reviving commercial corridors. This is critical to creating jobs for our many citizens who have not attended college. Reducing the net profits part of the BPT will… Continue reading