While schools are starving, PA Legislature voting on inheritance & private jet tax breaks
http://pennbpc.org/kids-or-tax-breaks
Excerpts:
"After making deep cuts to schools, early childhood education, and health and human services, Pennsylvania lawmakers are now considering new tax breaks that will largely benefit a small number of higher-income earners...
House Bill 1100 exempts sales tax on the purchase of private and corporate aircraft, jet parts, and aircraft maintenance and repair. A car or truck purchase will be subject to sales tax, but those in the market for a private jet will get a tax break.
Approved by the House Finance Committee - Estimated cost: $14 million annually.
Senate Bill 303 creates a new loophole in the state inheritance tax. It allows business owners to bequeath business assets tax-free to their heirs an advantage unavailable to most hardworking Pennsylvanians who inherit a family home or car.
Approved unanimously by the Senate Finance Committee. Estimated cost: Millions annually."