Printer Friendly

PENNSYLVANIA HOUSE REPUBLICANS PROPOSE TAX RELIEF PLAN

       PENNSYLVANIA HOUSE REPUBLICANS PROPOSE TAX RELIEF PLAN
    HARRISBURG, Pa., Nov. 19 /PRNewswire/ -- Joined by the members of his caucus, House Republican Leader Matthew J. Ryan today outlined a "tax relief plan" he said will ease the tax burden and restore tax fairness in Pennsylvania.
    "Today, the House Republican Caucus, after repeatedly fighting for budget alternatives throughout last summer's budget negotiations, is once again coming forward to advocate change, but more importantly to propose ways to alleviate the tax burden on the citizens of the commonwealth and return tax dollars to our hard-pressed wage earners," Ryan said at a press conference.
    Under the plan, Ryan said more than $600 million would be returned to taxpayers over the next two years in the form of a personal income tax credit funded by the sale of the state liquor store system.  The plan also calls for an increase in the personal income tax poverty exemption income limit from $7,000 to $11,000 to aid Pennsylvania's senior citizens and working poor.
    The repeal of the 6 percent sales tax placed on lawn care, maintenance, debt collection, storage, computer and personnel services would be made possible by an estimated $242 million generated through state agency consolidation, privatization of certain government services, establishment of a commission to identify and eliminate government waste, and the creation of a tax amnesty program, similar to the one vetoed by the governor last August.
    "These newly imposed taxes hurt.  They hurt individuals and they hurt businesses; they hurt economic development and the creation of jobs.  They increase unemployment through jobs lost with every company that moves out of state," Ryan said.
    Also under the proposal, the sales tax exemption would be extended to all food purchased in supermarkets and bakeries and the tax would be repealed on items such as toothpaste, toothbrushes, dental floss, cable television services (except premium channels) and library periodicals, items Ryan said the legislature never intended to tax.
    House Republican Policy Committee Chairman John Perzel also outlined a component of the plan that would reduce and eventually phase out (over a two-year period) the 1.75 percent surtax on the corporate net income tax and the two-mill surtax on the capital stock and franchise tax, beginning June 30, 1992.
    "This proposal would reduce the corporate net income tax rate to 10.5 percent and the capital stock and franchise tax to 11 mills beginning June 30, 1993.  The bottom line is House Republicans want to restore tax fairness and tax relief to the hardworking men and women of the state," Perzel said.
    In detailing the privatization and cost-cutting aspects of the plan, House Republican Caucus Secretary John Barley also discussed budget reforms, such as the transfer of budget surpluses to the Rainy Day Fund and prohibiting bond funding to meet the day-to-day needs of state government.
    "The key to our plan is reduce the size of state government and return the dividends to the taxpayers.  We have to suck it in," Barley said.
    /delval/
    -0-                        11/19/91
    /CONTACT:  Bill Williams of the Public Information Office, House Republican Caucus, 717-787-3993/ CO:  Pennsylvania House of Representatives ST:  Pennsylvania IN: SU: MK-LJ -- PH030 -- 5077 11/19/91 15:42 EST
COPYRIGHT 1991 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1991 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Nov 19, 1991
Words:533
Previous Article:SPRING SAMPLING FINDS HERBICIDES THROUGHOUT MISSISSIPPI RIVER AND TRIBUTARIES
Next Article:ODNR TO HOLD PUBLIC MEETING ON PROPOSED WHISKEY ISLAND DEVELOPMENT


Related Articles
STATE REP. JOSEPH R. PITTS: TAX RELIEF LONG OVERDUE
STATEMENT RELEASED BY PENNSYLVANIA HOUSE REPUBLICAN LEADER MATTHEW J. RYAN
STATE REP. PITTS POINTS OUT POLICY DIFFERENCES ON BUDGET
Keystone Research Proposes a Real Middle-Class Tax Cut; Middle- and Low-income Taxpayers Not Affluent Would Benefit.
Governor Rendell Comments on House Passage of Major Pieces of the Plan for a New Pennsylvania.
Republican 'Green PA' Would Be Largest Environmental Investment in PA History.
PA GOP: Rendell Misses Opportunity to Cut Taxes for Working Families.
PA Governor Rendell Applauds Senate for Passing Comprehensive Property Tax Relief Plan; Calls on House to Continue the Momentum.
PA Governor Rendell Calls for an End to Impasse in Property Tax Relief Debate.

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters