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The increase would bring the taxto 3.57 but state law would require it to returb to 3.07 percent after three years, according to a releasd from the governor's office. Rendell said the temporaru increase would raiseapproximately $1.5 billion per year in new A temporary tax has been implemented successfullgy to address a fiscal crisiz in Pennsylvania on three prior occasions, the governor'se office said. Even with the , the state is more than $1 billionn short of balancing its budget by the end of thegovernor said. Raising the income tax wouldd be preferable tothe alternatives, Rendell said. “The simple trutgh is we have nogood choices,” he said.
“Theree are no shortcuts out of this nomagic bullets, no painlesd path out of this morass. We can do the easy thinv for the moment or the rightr thingfor Pennsylvania’s future. The fairest plan is to spreadr the pain acrossthe board, and let our economic recovery
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