The hybrid rebate program has been so successful in the past, that Pennsylvania ran out of money to fund the program in the 2005-06 fiscal year. Now that Pennsylvania is finding itself in a tax revenue windfall, Governor Edward Rendell (D) wants to double the rebate to $1000. He is also looking to pay for business and family tax cuts, help subsidize prescription drugs for seniors and is proposing a sales tax holiday for consumers who buy energy-efficient appliances.
Pretty ambitious goals for a governor who is up for re-election this year.
The surplus is running to about $700 million with extra coming in from increases in personal income and real estate taxes. Only $260 million will be available for spending, however.
Source: Reuters.com
Wednesday, May 31, 2006
Pennsylvania Governor wants to increase rebates for hybrid cars
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