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Thursday, June 12, 2008

Quinones-Sanchez taking on big business

Today she introduced a bill to City Council that would make business tax information public. From

Sanchez says 872 businesses reported annual receipts over $10 million, and 299 paid an average annual tax bill of more than $470,000. But the other 573 businesses paid an average tax bill of only $9,020, she said.

"Why is a business that earns more than $10 million in revenue paying less in taxes than the average citizen?" Sanchez asked. "How can we have an informed debate on business taxes, tax credits, and Keystone Opportunity Zones, without this information?"
Next she'll be working on a bill to levy a tax on windfall profits from Tastykake, Geno's, and Pat's to offset the rising costs of insulin.

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