Quigley, Turzai Back Legislation to Reduce Personal Income Tax
6/28/2007
Reps. Tom Quigley (R-Montgomery) and Mike Turzai (R-Allegheny) today announced the introduction of House Bill 1641, legislation that would reduce the state Personal Income Tax (PIT) and allow more money to remain in the hands of Pennsylvania’s hard-working taxpayers.
 
House Bill 1641 would reduce the PIT from the current rate of 3.07 percent to 2.99 percent.
 
“Just this week, Gov. Rendell touted the fact that Pennsylvania has a half billion dollar revenue surplus, and that we will not need to raise taxes this year,” said Quigley. “This surplus represents money that is above and beyond what the sate expected to collect this fiscal year and should be returned to the tax payers.”
 
In 2003 Rendell increased the PIT from 2.8 percent to the current rate of 3.07 percent, which created an additional $900 million tax burden for Pennsylvanians. At its current rate, the PIT is the most costly tax to tax payers.
 
Since April, the state has collected a $215 million surplus in tax revenue. This brings total state surplus revenues to $502 million for the current fiscal year. 
 
“We need to return money to the pockets of the hard-working persons who earned it,” said Turzai. “We must control government spending and protect hard-earned tax payer dollars. People deserve to spend their hard-earned money how they see fit, rather than having it used to fund Gov. Rendell’s pet projects.
 
“With the projected surplus increase, the Legislature should institute a tax cut and rollback Rendell’s personal income tax increase,” he added. 
 
Reducing the PIT to 2.99 percent will save Pennsylvania taxpayers approximately $270 million annually. This represents just over half of the projected revenue surplus. 
 
Rep. Thomas J. Quigley
146th District
Pennsylvania House of Representatives
(717) 772-9963
(610) 326-9563
Contact: Nicole Wamsley
Member Site: RepQuigley.com
Caucus Site: PaHouseGop.com
Rep. Mike Turzai
28th District
Pennsylvania House of Representatives

(412) 369-2230
www.RepTurzai.com
Contact: Tricia Graham
House Republican Public Relations
(717) 260-6296