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Temporary Tax Hikes and Other Fairy Tales

By Dave in EH / March 20, 2009 /

The mayor of Philadelphia, Michael Nutter, is proposing a temporary increase to the city’s property and sales taxes and a “fill-up” to the city budget. “The sales tax would rise by one percentage point to 8 percent for three years, beginning July 1, pending approval by state lawmakers. Taxes on residential and commercial real estate…