Business Taxes

Reduce the Corporate Net Income Tax, at 9.99 percent the second highest in the country. Stay on track for final phase-out of the Capital Stock & Franchise Tax. Maintain fight against corporations reporting all taxes from all jurisdictions (combined reporting). 

Toomey "Taxing Manufacturing" Report

Toomey Report: Manufacturers Face Job-Killing Tax Hike Under Obama Plan

While excuses continue to be made for President Obama’s dismal record on job creation, it’s more difficult to rationalize a policy that actually drives jobs away.

A report prepared by U.S. Senator Pat Toomey (R-Lehigh) shows that the Administration’s tax policies will undermine the very sector that has the strongest multiplier effect on job growth - manufacturing.

A planned tax increase in 2013 will raise the marginal rates on many manufacturers from 35 percent to 41 percent.