Ed Rendell began his tenure as governor in 2003 by signing the second largest income tax hike in Pennsylvania history. Rendell then proceeded to spend $8 billion over the next six years, increasing state spending at twice the rate of inflation. The results of Rendell's failed fiscal policies is a $3.2 billion budget deficit for the current fiscal year. With less than two years before he leaves office, Rendell is pushing for another massive income tax hike to make up the huge deficit he created.
The Democratic doormats in the House of Representatives will do whatever Rendell wants. Raising taxes during a recession is a bad idea, but that hasn't stopped Democrats in the past.
Lowman S. Henry, writing at Lincoln Blog:
"That would be the quick, easy, and most destructive resolution possible to the budget crisis currently gripping the state. The real issue here is not financial; rather it is the unwillingness of state Democrats to make the hard decisions demanded of those governing in tough times. The real issue here is the unwillingness of state Democrats to begin living within our means."It's time to let your Democratic state House member know that he or she will be out of a job in 2010 if they support a tax hike to bail out Rendell.
Read more about the state's sad state of financial affairs and how Rendell and House Democrats are working on a tax hike in The Pittsburgh Tribune-Review.
No comments:
Post a Comment