Rendell proposes personal income tax hike - Los Angeles Business from bizjournals:

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The increase would bring the taxto 3.57 but state law would require it to retur to 3.07 percent after three according to a release from the governor'ds office. Rendell said the temporary increase woulf raiseapproximately $1.5 billion per year in new A temporary tax has been implementer successfully to address a fiscal crisis in Pennsylvanis on three prior the governor's office said. Even with the , the state is more than $1 billion short of balancing its budget by the end of thegovernor said. Raising the incomde tax would be preferable to the Rendell said. “The simple truth is we have no good he said.
“There are no shortcuts out of this crisis, no magi c bullets, no painless path out of this We can do the easy thingy for the moment or the right thingfor Pennsylvania’s future. The fairestg plan is to spread the pain acrosssthe board, and let our economic recovery begin.”