Tuesday, April 19, 2016

Budget Update: Change of Balance


 
 
It has been almost 10 months since Governor Wolf vetoed the General Assembly’s proposed budget. Nearly 10 months without a budget, the longest in Pennsylvania’s history, meaning that essential services have gone without needed funding and are schools will possibly close soon as well. Governor Wolf believes the only way out of our current budget deficit is more spending and more taxes, but putting it politely the Governor is out of touch.

The Republican Majority Leaders in the legislature have worked to create a balanced budget with fewer taxes so that essential services get the funds they so desperately need, but we do not break the backs of hardworking taxpayers. The Governor has asked the General Assembly to pass bills that increase the state income tax, increase the state sales tax, and further expand the sales tax to cover additional items and services.

Governor Wolf wants to raise the personal income tax from 3.07 percent to 3.7 percent, burdening the middle class with a 16 percent tax increase. Rep. Adolph (R-Delaware), Chairman of the House Appropriations Committee, summed up the Governor’s budget proposal with a simple sentence. “Wow, an incredible amount of taxes”. It is common sense that these broad based tax increases will hurt Pennsylvanians and their businesses across the board.

Now Governor Wolf has proposed a new budget for the 16-17 fiscal years while 15-16 budgets have not yet been completed. This new budget has the same exact failings as the first, higher taxes and increased spending. If this path continues Governor Wolf will not pass a budget until it meets his exact criteria, which will place financial strain on Pennsylvanians. While this battle continues in Harrisburg many on the sidelines are continually hurt because of the lack of state services available.
 
About the Delaware County Chamber of Commerce:
Founded in 1887, the Delaware County Chamber of Commerce represents businesses' interests and issues affecting the community. We help Chamber members succeed through proactive outreach and partnering with all levels of government and community organizations through education, networking and collaboration to achieve a healthy economy to drive business forward. For more information on membership and how you can get involved, visit www.delcochamber.org
 

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