January 28, 2015 4:50 am Proposed Bill Could Mean Less Taxes for Philly Philadelphia City Council hearing at 10 a.m. Wednesday at City Hall on a bill proposed to reduce the city’s wage tax from 4 to 2 percent over an 11-year period to help bolster Philadelphia’s economy. US & World Videos 0:20 Teen girl shot in Southwest Philly, suspect in custody 0:27 FBI inspects American Airlines plane at PHL after bomb threat 1:40 Penn officials urging pro-Palestinian protesters to pack up and leave campus 2:17 Clear the Shelters: Meet Tails 0:38 Jury says Philly owes $16 million for wrongfully convicted man