Philly extends 10-year tax abatement for the rich and calls it an anti-poverty program

The mayor and City Council say they have a plan to reduce poverty in Philadelphia, and maybe that’s true — if the plan is to force the poor out of the neighborhoods by spending $400 million to boost gentrification.

Perhaps if the plan was to give the money directly to the poor, I’d believe it was about ending poverty. But since it’s about continuing tax breaks to developers, jobs to the building trades, and placing a construction tax on everyone except those who can most afford to pay it — I think it’s a scam.

I hope I’m wrong, but if this reduces poverty, it will be because the giveaways in the so-called Neighborhood Preservation Initiative helped to force poor people out of the city.

The deal is predicated on delaying the plan to get rid of the 10-year tax abatement, a tax break that allows whiter, richer people to move into newly constructed houses while paying only a fraction of the property taxes they would normally owe. About 55% of property taxes are earmarked for the School District, but our city has decided that giving away money to well-heeled new residents matters more than funding schools where nearly 90% of students are Black and brown.

Click here to read the entire column on Philly.com

Photo: Philadelphia from Glenwood Green Acres by Tony Fischer. Used under Creative Commons license.

Leave a Comment

Recent Posts

Recent Comments

Subscribe for More

Join us at @barbersonbroad at 1220 N. Broad St. w/ @gethealthyphilly and @classixphilly and get a free haircut from Noon to 2 pm as we help brothers defeat #hypertension in our community. Come through!!!
Tonight at 11 @Manupphl will be featured on @nbcphiladelphia Channel 10. Fighting #gunviolence a life at a time. Tune in!
Today after 7 years of featuring her sharp commentary on my shows I finally met ⁦‪@iamroxannejones‬⁩ in person. We broke bread (ok we ate everything but the bread) and plotted our takeover of the media universe. Lol! Great times! @onwurd
Having a ball hosting at #WawaWelcomeAmerica with @ClassixPhilly 107.9 at #Philly City Hall. #IDanceMinistry is killing it!
Like everyone else, I was surprised that Bill Cosby’s sexual assault conviction was overturned by the Pennsylvania Supreme Court. It’s one thing for me to believe that Cosby was treated unfairly by a racist criminal justice system. It’s quite another thing for the state’s highest court to say Cosby’s due process rights were violated. Read on @whyy
I had a great time hosting #wawawelcomeamerica today at #Philly City Hall with @classixphilly 107.9
Murderer #DerekChauvin gets 22.5 years for killing #GeorgeFloyd. He should’ve gotten more. #BLM
Me and my Dad! Happy Father’s Day to all the fathers!
Working with Super volunteer Cheryl McFadden representing @manupphl at the #BrothersStroll at @enontab
Hanging out with listeners Gary and Sister Murray at JD’s Auto Body at 6300 Wayne Ave. Come through! We’re here until 10 am. @onwurd
Join us today until 10 am at JD’s Auto Body, 6300 Wayne Ave! We’ve got jobs, we’ve got food, we’ve got discounted @onWURD memberships and more! We want to meet you!
Join me, Mayor Jim Kenney and Dr. Ala Stanford for, “Unmasking COVID: Where does Philly go from here?” tonight at 7 pm on Classix 107.9 FM
0 0 votes
Article Rating
Notify of
Inline Feedbacks
View all comments