Archive for the ‘Taxes’ Category

PIT Increase is Dead; Democrats Switch To Legal Services Tax.

House Democrats floating sales tax expansion to fund their increased spending

The following is a statement from House Republican Leader Sam Smith (R-Jefferson County) regarding the latest tax proposal being offered by House Democrats as a means to balance increased spending in their budget proposal. For 51 days, Pennsylvania has not had a full operating budget in place, and the latest official budget proposal put forth by the House Democrats increases state spending to $29.1 billion, more than is supported by anticipated state revenues and federal stimulus dollars.
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From Scott Petri’s e-mail News

Under the House Republican education plan, every school district across the state would see an increase in education funding. The claim by Governor Ed Rendell and House Democrat leaders that we are cutting funding for schools is simply untrue.

While the governor’s plan requires a 16 percent income tax increase, our proposal uses a combination of state and federal money to increase school district funding by an average of 11 percent statewide.
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cbocapandtradecosts1 (Clicking on this link will download a copy of the CBO letter for you to study either on screen or to print.)