Joe Pitts: “good news on the fiscal front from Pennsylvania. Pennsylvania Secretary of Revenue Greg Fajt said this week that State…”

“good news on the fiscal front from Pennsylvania. Pennsylvania Secretary of Revenue Greg Fajt said this week that State revenues for September were up 6.4 percent, higher than expected. In fact, every revenue source has reported an increase for the fiscal year. Sales tax, corporate income tax, personal income tax and even the realty transfer tax and the inheritance tax have produced unexpected dollars for the State treasury. For the entire year, the cash has come in at 2.9 percent or $134.9 million over the estimate. In addition, the Small Business Survival Committee has ranked Pennsylvania's tax code 17th in the Nation for its friendliness to small business. That ranking was based on being last in corporate income taxes, 10th in personal income, 21st in property taxes and 2nd lowest in bureaucrats per 100 residents. I hope what is happening in Pennsylvania is symptomatic of what is happening in other States in our country as we seek to make Pennsylvania and America a better place to provide jobs and raise our families.”