SB 76 Fails To Ease Tax Burden Says Lisa Esler

SB 76 Fails To Ease Tax Burden — Lisa Esler, who is one of our favorite people and is a Penn Delco school director, had a 14-minute interview, today, Nov. 30, with Gunther Rewind concerning SB 76. The proposed legislation would prohibit homes from being taxed to fund schools.

Lisa notes that this reform does not solve the tax burden issue and that  state legislature is not interested in taking the simple, commonsense steps necessary to do so.

She says the prevailing wage mandate increases construction and maintenance  projects between 10 and 30 percent and should be simple to repeal with an honest government. She notes unnecessary state mandates such as paid teacher sabbaticals. She points out the crushing $70 billion-and-rising pension shortfall. She mentioned how the right to strike by teachers inevitably means tax increases.

And while nobody should be taxed from their home, Lisa is 100 percent correct that  Harrisburg is not serious about fixing things.

You can find Lisa’s interview here.

SB 76 Fails To Ease Tax Burden

SB 76 Fails To Solve Tax Burden Problem

One thought on “SB 76 Fails To Ease Tax Burden Says Lisa Esler”

  1. PA IFO ANALYSIS OF SB 76 (note not Homestead Excluson) The elimination of school property taxes increases the disposable income of property taxpayers. The analysis assumes that 70% of the property tax cut goes to individuals. It further assumes that homeowners spend 90% of the increase in disposable income. (Pages 17-18)
    Working age homeowners realize a tax cut. The analysis finds that the increase in federal income tax (through lower itemized deductions), state income tax, and sales tax is more than offset by the reduction in property taxes. (Page 21)

    Retired homeowners realize a significant reduction in taxes. The analysis finds that the property tax reduction easily offsets any increase from the higher sales tax. (Page 21)

    The elimination of property taxes would significantly reduce the property tax share and would clearly increase the attractiveness of the Commonwealth for business location and expansion. (Page 25)

    Benefits would also accrue to home builders, home developers, and other land owners who convert current land holdings into new housing plots. Employment would increase in the construction sector as well. (Page 23)

    (Regarding business entities) … the income flows through to individuals as higher disposable income. For pass through entities, the analysis assumes that owners and shareholders spend 90 percent of the increase and 70 percent is spent on taxable goods and services, yielding another secondary effect of $34 million in increased sales taxes for FY 2013-14. (Page 18)

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