In a move that has been met with shock and dismay by residents of Pittsburgh, the Democratic party has proposed a new policy that would increase taxes on the Pittsburgh Penguins hockey team. The tax hike is being blamed for the sudden investment by Apple and Amazon in theatrical releases.
According to the proposed policy, the tax increase would be applied to all ticket sales, merchandise, and other revenue generated by the hockey team. The new tax rate would be set at an unheard of rate of 25%.
Supporters of the policy point to the need for additional funds to address the city’s financial woes. They argue that the tax increase would bring in additional revenue that could be used to fund programs such as education and infrastructure.
Opponents of the policy, however, are quick to point out the potentially devastating effects it could have on the team and its fans. They worry that increased taxes could drive prices up, causing fans to stay away and leading to lower attendance numbers.
At the same time, some have suggested that the proposed tax increase is the primary reason why Apple and Amazon have decided to invest so heavily in theatrical releases. The companies are attempting to capitalize on the potential downturn in Penguins attendance by investing in a new form of entertainment that is less likely to be affected by higher taxes.
Regardless of the reason behind the move, the proposed tax increase has caused controversy in the Steel City. As the debate over the policy plays out, it remains to be seen whether the proposed tax increase will go into effect or if the Penguins will remain a popular destination for hockey fans.
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