GOP should resign if it won’t fix issue it created
To the editor:
The Republican-controlled Corbett administration cut corporate income taxes annually and also eliminated the corporate franchise tax; but increased support to public schools by $1.43 billion over four years.
As we learned previously from the Reagan and George W. Bush administrations on the national level, when government cuts tax revenue while increasing spending, it creates deficits that cause increases in government debt.
The present $30+ billion Pennsylvania State Budget spends more than $950 a second, $75,000 per minute, $320,000 an hour, 24 hours a day, 365 days a year; but it funds less than 35 percent of the cost of the poorest public schools, there’s a budget deficit, and the state has a reduced credit rating, which means a higher interest rate for borrowing money.
Additional tax revenue is needed, and it should come from corporations, not from individual taxpayers who are already overburdened by higher school property taxes.
If the Republican-controlled legislature that created this problem isn’t going to be part of its solution, then it should voluntarily resign from office.
David L. Faust