EDITORIAL/Lowering taxes best for growth
Wednesday, August 27, 2014 1:00 AM
While the Philadelphia Mayor and Board of Aldermen pledged last year to rescind a tax hike if revenues improved, they're now, predictably like government, rationalizing their way out of that promise mostly.
Like a good Democrat, the mayor is just plain opposed to cutting taxes at this time, saying it's too soon to know if the city might need additional revenues as officials consider handing out whopping 20-percent raises in a shaky, post-recession economy. (In all fairness, a Republican made the motion to raise taxes in the first place.)
Most officials agreed the raises are necessary. And we're not insinuating they aren't deserved. But what businesses have given 20 percent raises in a still sluggish and unpredictable economy?
The mayor and board doubled ad valorem taxes last year in a desperate move to balance the budget after nearly a decade of spending more than they were taking in.
Kind of sounds like the bad spending habits of Congress, which begs the question: Where is the outrage?
Nearly half the state was ready to string up U.S. Sen. Thad Cochran for bringing home the bacon in the form of roads like the Mississippi 19 four-laning, sewerage infrastructure and hospitals, yet at city halls and courthouses everywhere - where somebody can actually make a big difference - there has been no dearth of silence, including here.
The good news is that the assessed value of Neshoba County rose by over $6.2 million, the Board of Supervisors learned on Monday, almost half of that in automobiles, a sign the sputtering economy is trying to come back despite bad federal policies.
The city's tax hike was a bad case for raising taxes, unlike, say, the necessity of a school bond issue.
Tax cuts are best for growth - or at least holding the line on taxes as the Board of Supervisors has once again wisely done.