The steady changes in currency values played an important economic role: they enabled trade to expand among European countries without creating payment imbalances. The key measure of this is the current account surplus or deficit. In this figure, one set of bars reflects Germany, the Netherlands, and Austria; the other set of bars reflects the other 14 euro members..
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Pennsylvania once functioned very well on a 2 percent personal income tax, which means the current 3.07 percent rate is more than adequate. The state Legislature should reject unequivocally any income or sales tax increases, and instead try a procedure with which most of us are familiar. It is known as within our means.
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