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Piccola Calls on Governor to
Sign Tax Cuts into Law
HARRISBURG -- Seeking to
protect and preserve jobs, Senate Majority Whip Jeffrey E.
Piccola (R15) praised the Senate today for concurring with
House amendments and finally passing House Bill 515,
legislation designed to improve the business climate in
Pennsylvania, and urged Governor Rendell to take action by
signing the pro-growth measure that includes tax cuts for
the state's families and job creators.
The legislation includes a reduction in
the Personal Income Tax (PIT) from the current level of 3.07
percent to 3.05 percent in 2007. In addition to the PIT
cut, the legislation includes a reduction in the Corporate
Net Income (CNI) Tax rate and a change in the Single Sales
Factor.
"Through a series of much-needed and
proactive tax reductions, this legislation promises to
promote economic growth by encouraging job creation – an
area our Commonwealth has been lagging in for too long. If
the Governor is serious about jobs and job creation, then he
should exercise true leadership by signing this
legislation," said Piccola.
"I have been pleased to lead the charge on many of the
initiatives included in House Bill 515 that will put
Pennsylvania back in the job creation and retention
business. For instance, I introduced a measure to change
the Single Sales Factor in Pennsylvania and I am gratified
to see this legislation incorporates that concept. This
bill will cut taxes and reduce the government burdens that
are placed upon our job creators and the Commonwealth's
citizens at large," he said. "Unfortunately, the Governor
has announced that he will veto these tax cuts. This is an
affront to all taxpayers in the state."
"Should the Governor decide to veto this legislation, which
he has threatened to do, Pennsylvania's job creators will
continue to be held hostage to the longstanding barriers of
higher taxes, fees, and regulations. It should be no
surprise to the leader of this state that our economic
future is tied to having a competitive business edge, and
this is accomplished only through lower taxes and regulatory
reform, not by increased government programs and spending
plans. Lower taxes create jobs and employ Pennsylvanians.
Signing these tax cuts into law should be a no-brainer," he
said.
"When we heap more costs on the business sector, the more
likely it is that these employers will either move or shut
down -- taking jobs with them. The reductions contained in
this legislation will help the job creators of this state at
a time when good-paying jobs are sorely needed. We should
be working to save these jobs, not eliminate them. Our
families are counting on it," Piccola said.
 
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