The real question is whether or not the this incrementaltax will crimp consumer spending, which would be bad to small business as well as brick-and-mortar and online retailers alike.
The CBO has concluded that the type of incremental payroll tax that the President has proposed has pretty high bang for the buck, compared to other things that could be done to strengthen the economy.
Growing the local economy has been one of the main priorities for the authority, with the council aiming to create over 5, 000 new local jobs through the TaxIncremental Finance initiative.