Looks like another attempt by the House Democrats to shift my taxes around in ways I don’t like:
The committee approved House Bill 1600, by Rep. David Levdansky, D-Forward. He proposes raising about $2.5 billion by doing three things. He would raise the state sales tax by 0.5 percent (making it 6.5 percent in most counties but 7.5 percent in Allegheny and Philadelphia counties.)
He would also raise the personal income tax rate by .22 percent, to a total of 3.29 percent. Those two moves would take effect July 1. Together they would generate an additional $1.5 billion, to which he would add the expected $1 billion from slots revenue once all 14 casinos are up and running. The resulting $2.5 billion would be used to lower property taxes.
Mr. Levdansky expects such tax shifting will slice several hundred dollars from the average homeowner’s property tax bills. The full House is expected to debate the bill in November.
Several hundred dollars?Â That’s it?Â The tax increase will cost me a more than that. Â Is the concept of cutting spending and using that to cut my property taxes so hard to do?Â Maybe if we didn’t have a governor wasting money on things like building soccer stadiums in Chester, we might be able to pull it off.