POSITION STATEMENT 0309-01
PRO-BUSINESS TAX PROVISIONS IN THE PROPOSED 2009-2010 STATE BUDGET
WHEREAS, the effect of the current economic climate is clearly at the forefront of every business owner, employer and employee in America; and
WHEREAS, Governor Ed Rendell proposed a $29 billion state budget for fiscal year 2009-2010 that includes no broad-based tax increases and the continued phase-out of the Capital Stock and Franchise Tax; and
WHEREAS, the state budget deficit is anticipated to be in the billions of dollars while current revenue collections continue to decline; and
WHEREAS, The Chamber recognizes elected officials will face tough decisions in order to pass a balanced budget on time, especially with the current and anticipated revenue shortfalls: Now, therefore, be it
RESOLVED, That The Lancaster Chamber of Commerce & Industry supports the Governor's proposal for no broad-based tax increases and the continued phase-out of the Capital Stock and Franchise Tax in the proposed state budget; and be it further
RESOLVED, That The Chamber pledges to work with the Governor and our elected officials to craft a fair budget; a budget that is fiscally responsible and accountable; a budget that incorporates innovative ideas and sound practices; and a budget that ultimately will help build Lancaster County into a model of prosperity for 21st Century America.
Approved by the Board of Directors, March 17, 2009
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