In regards to the announcement that local medical behemoth UPMC is asking for tax credits, PittGirl is torn between thinking that this is a brilliant move to reward the organization for its generous contribution to the Pittsburgh Promise and thinking that the Mayor is the toadying Smithers to Jeffrey Romoff's (UPMC's CEO) Mr. Burns.
I don't think I'm nearly as torn on the matter, except to say that Smithers is at least a competent toady.
In what can only be described as a high stakes shell game, the Mayor is pushing council to OK a pre-emptive tax break to a non-profit (untaxed under current law) for matching funds contributions made to a mayoral pet project. Now, don't get me wrong, the Pittsburgh Promise idea has a lot of... erm... promise, but it's hardly the type of program that is essential to the City qua its function as a City, as would be road maintenance, public safety, zoning, tax collection, parks, etc. Those things are the kinds of services that the City would be paying for with the money that it could receive from a UPMC tax contribution which it doesn't receive yet anyhow.
Still with me? Good.
So, if you can't figure it out, it sounds like UPMC is betting that the law will, in fact, be changed to allow non-profits to be taxed and is trying to pre-emptively offset its losses.
The problem, of course, is that once UPMC does it, there is precedence for other non-profits to pull the same kind of crap, earmarking money that would have gone into roads/bridges/trash collecting/etc. for a mayoral fancy. If that happens, we still have the status quo... which, as you know, is Latin for "the mess we're in."
Of course, the City may have the last laugh: if the Pittsburgh Promise works out, perhaps down the road we'll have smarter politicians and a smarter voting public that won't fall for this type of bullshit.
Showing posts with label The Simpsons. Show all posts
Showing posts with label The Simpsons. Show all posts
Tuesday, December 18, 2007
Smithers! Unleash the Pittsburgh Promise Tax Credits
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8:45 AM
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Filed Under: Luke Ravenstahl, Pittsburgh Promise, The Simpsons, UPMC
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