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Wednesday, February 10, 2010

Rendell: No pension cuts; Penn vs. Del.

Among Gov. Rendell's targets in his proposed new budget are the state workers' pension deficit (he wants taxpayers to pay more up front, but not cut benefits), sales taxes (he wants to tax more stuff, at lower rates), and "the Delaware tax loophole."

See Rendell's budget here, Inquirer story here, interviews with the Pileggi brothers (Dominic, the PA Senate Republican leader, ad his brother, corporate lawyer Francis GX, of Wilmington) in today's PhillyDeals column in the daily Inquirer.

Pennsylvania's problems are also Delaware's opportunities. I asked Brian Selander, spokesman for Markell, whose state puts "Home of Tax Free Shopping" signs on its borders to lure Pennsylvanians, whether Delaware was watching Rendell's sales-tax-extension plans.

Yep. "From an economic-development standpoint, we're obviously studying this closely."
 
Posted by Joseph N. DiStefano @ 10:47 AM  Permalink | Post a comment
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About Joseph N. DiStefano
Joseph N. DiStefano writes this blog to feed his PhillyDeals column in the Philadelphia Inquirer. Joe has been a member of Bloomberg LP’s New York Finance Team, wrote the book “Comcasted,” taught writing at St. Joseph’s University, and studied economics and history at Penn. Reach Joe at 215-854-5194 and JoeD@phillynews.com
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