Philadelphia controller calls for tax reform.

• Position: News Briefs - Brief Article

Philadelphia Controller Johnathan Saidel recently unveiled a plan to stimulate the city's economy by reforming what he calls a "burdensome tax structure." The plan includes cutting the wage and business taxes and shifting the burden of the real estate tax to owners of vacant land. According to a 93-page report, Philadelphia's wage tax rate is second only to the District of Columbia's, and its business tax rate is second only to New York City's. The supply-side effect of cutting...