revenue+streams

= Revenue Streams Available: Rep. Bill Kortz 38th District May 5, 2011 = = = = = = = =Below is a list of revenue generators that this new Governor refuses to tap. These revenue streams would prevent the drastic education cuts, layoffs, guaranteed tuition hikes, & guaranteed property tax hikes.= = = =Everything should be on the table when we are faced with a terrible economic downturn and our children’s education and future hang in the balance.= = = =This Governor is attacking the budget crisis by slashing the education of our children and putting their future in peril. That is unacceptable….= = = = = = = =Revenue generating ideas that must be on the table to prevent harm to our children’s education and close the education funding gap are as follows:= = = =First, I propose that Govt. lead by example & share in the pain by taking a= =10% cut to all (3) branches of Govt. (Executive, Legislative, Judicial) and all Govt. agencies Administration! $164 mil /yr= = = =I would request that the Legislative slush fund be cut by a minimum $100 mil/yr. $100 mil / yr= = = =Close off the big tax loopholes= =Delaware loophole $600 mil/yr= =On-Line Retail sales tax loophole $300 mil/yr. $900 mil /yr= =I’m sure that our constituents would not be happy to hear that certain businesses are allowed to skip out= =on paying their fair share. That is indefensible in these tough times= = = =Halt temporarily the phase out of the Capital Stock and Franchise Tax (CSFT) $250 mil /yr.= = = =Push for a new tax on Political Advertising (Rep. Tony Deluca idea) est. $300 mil/yr.= = = =Issue a small severance tax on the Marcellus Shale gas (5% = $200 mill/ yr.) with a portion dedicated to locals. $200 mil /yr= = = =TOTAL $1.91 BILLION= = = = = =Other REVENUE sources that should be on the table & considered include:= = = =Small tax on smokeless tobacco and cigars, (NOTE: Pa. is the ONLY state in USA not to tax these items) $60 Mil/ yr= = = =End the vendor sales tax discount of 1% $70 mil/ yr.= = = =Re-appropriate $20 mil from the gaming security fund surplus estimated at $26 mil $20 mil= = = =Cut out duplicative Governmental programs= =- such as the State Police PICS system that is a replica of the Federal NCIS system -savings $2.28 mill/ yr. $6 mil/ yr= =& (cut the supplementary of $3.8 mil that occurs mid yr.). cut other redundant programs.= = = = = = = =Other CUTS that should be on the table & considered include:= = = =Cut the new Liberty Loan fund of $2 billion.= =– It’s shameful that $330 mil of tobacco settlement was put in this new business loan program & taken away from helping people who were on AdultBasic health care. Cutting 42,000 working class people from health care coverage on 3/1/11 was wrong.= = = =Cut Welfare & Corrections back to last year’s levels saving $2.48 billion= =The Governor’s budget proposal shows an increase in Welfare $2.3 bill (26%) and Corrections $186 mil (11%)= = = = = = = = For a printable copy of this information, please click here: = = = = =

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