His spending blueprint purports to guide millions to key initiatives to help us realize that vision. The levy has long been hated because it taxes a company's assets whether or not the company is profitable.
Income is taxed separately by the state.
Mr. Ridge has promised to phase out the tax gradually, but business leaders had been hoping for a 2.5-mill cut this year. We advise patience on this score. At this point, a more cautious scaling-back is warranted. Certainly, the state's business environment can continue to improve with or without massive tax cuts. Because, while the state's tax burden is still considered high, factors other than taxes caused Site Selection magazine to include Pennsylvania in its top 10 business climate rankings.