10 September 2014 0 Comments

More Debt from Sen. Scott Wagner!!! $1.7 Bbillion –Republican Senator Scott Wagner disappoints The Forgotten Taxpayer: he votes like Sen. Pileggi, like Republican Leadership and like Democrats

 

  Elected in May of this year as a very independent Republican defeating a well-financed Senate Republican Leadership, Senator Scott Wagner has, surprisingly, disappointed The Forgotten Taxpayer.

   Senator Scott Wagner (SD28 York) voted YEA for Act 128 of 2014  authorizing more debt on the Pennsylvania Taxpayers. He was one of 22 voting NAY including 8 Democrats. Everyone in Republican Leadership voted YEA for more debt.

 

 House Committee on Appropriations Note FISCAL IMPACT: In addition to the amortization of the principal amount of bonds, the Commonwealth will incur the additional cost for the interest on the bonds that are sold. While the exact costs cannot be determined since costs will be dependent upon the timing of bond sales and interest rate(s) set at the time of the sale, estimated debt service on each $100,000,000 of bonds sold would be $137,558,000 assuming level annual debt service and an interest rate of 3.25%. Estimated annual debt service assuming the same interest rate and level annual debt service would be $6,878,000 for twenty years. If the full authorization of $1,295,000,000 were sold at an interest rate of 3.25%, total estimated debt service would be $1,781,373,000 or $89,069,000 each year for twenty years.  Senator Wagner voted YEA to redistributing 10s of millions taxpayer money to liberal academics at UPENN because President Gutmann is not paid enough: a politically favored few billionaire universities receive about ½ billion dollars each year. There are hundreds of other colleges, universities and community colleges that receive nothing. Why are these favored few so privileged, the Forgotten Taxpayer asks?

    Appropriations Act 15A of 2014 redistributes 10s of Millions of Pennsylvania taxpayer to UPENN, one of five politically favored crony corporations which already has tax-exempt and non-profit status. House Vote Appropriations Act 15A  26 June 2014.

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    Act 128 of 2014 is the Capital Budget Act and authorizes incurring debt   Fiscal Note House Committee on Appropriations: “Estimated annual debt service assuming the same interest rate and level annual debt service would be $6,878,000 for twenty years. If the full authorization of $1,295,000,000 were sold at an interest rate of 3.25%, total estimated debt service would be $1,781,373,000 or $89,069,000 each year for twenty years.”

The House votes 27 June 2014 on Act 128 of 2014

Thumbs down to the Senate Republicans: the Senate vote was unanimous.

Thumbs down to the disappointing Representatives DUNBAR EVANKOVICH, KRIEGER (odd, Rep. Krieger is usually votes for the taxpayer) GABLER, REGAN (York) SACCONE, SANKEY  THE ENTIRE PRO-LIFE LANCASTER DELEGATION voted YEA. 

 The Good Guys are Reps. BLOOM COX EMRICK GILLEN KNOWLES LAWRENCE MACKENZIE (Lehigh) MALONEY MCGINNIS METCALFE METZGAR SIMMONS (Lehigh)  AND TRUITT

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     Act 15A of 2014  and House Committee on Appropriations Fiscal Note

    Let them  eat cake: Paying taxes to support billionaire corporations and multi-millionaire academics is good for the common people.

     Cui Bono from taxpayers’ subsidies?  UPENN 1% President Amy Gutmann the Profitable Non-Profits pay well:  UPENN president gets 35% percent pay raise to $2.8M. Did Pennsylvania’s taxpayers get a 35% pay increase? Who gets increases like that? 

 Let them eat cake, the taxpayers should be honored to pay us.

House Vote Appropriations Act 15A 26 June 2014.

Thumbs down to the Senate Republicans: the Senate vote was unanimous.

Thumbs down to REPUBLICANS BLOOM DUNBAR EVANOVICH GILLEN SACCONE KRIEGER TRUITT continue to disappoint. 

  The Forgotten Taxpayer’s Friends: REPUBLICANS EMRICK KELLER, F. MCGINNIS METCALFE MOUL VOTED NAY as did DEMOCRATS HALUSKA MULLERY PETRARCA YOUNGBLOOD.

 

   

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