Tuesday, April 15, 2008

Republicans Attempt Tax Cut

Republicans in the PA House are calling for tax cuts. According to Public Opinion Online, there will be a 500 Million dollar surplus after the state ends its fiscal year on June 30. Democrats apparently want to hold onto that money. Republicans want to give it back to the taxpayers. The Republicans propose to:

Cut the Personal Income Tax from 3.07% to 2.93%
Cut the Gross Receipts Tax from 5.9% to 2.95%
Pass a comprehensive business tax cut plan

Democrat Governor Ed Rendell’s spokesman said that he thought these tax cuts would offer “no immediate benefit” to taxpayers. A House Democrat Appropriations spokesman called the tax cut plan “irresponsible.”

The House Republicans stand by their plan to return the surplus to the taxpayers.

All members of the House of Representatives are up for Election or Re-Election in 2008.

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