David N. Taylor on PA Newsmakers
April 02, 2023 | Business Tax Relief
Watch Mr. Taylor’s recent appearance on Pennsylvania Newsmakers below.
PMA’s Budget Reaction
March 03, 2015
PMA’s David Taylor provides an initial reaction to Governor Wolf’s FY 2015-16 budget proposal.
Public Education When he first took office, Governor Corbett walked into a public education funding gap. For over two years Pennsylvania’s school districts received a total of $1.7 billion in stimulus money. Over that same two-year period, public school employee salaries and benefits jumped by $1.3 billion. Worsening the pain felt by the end of ...
Pensions The unfunded liability for state employees and teacher pensions is $41 billion, and if something isn’t done soon we are on the hook for it. The Governor is offering a plan that will almost surely result in a tough political fight because part of it calls for adjusting the pension formulas of those currently ...
Business Taxes Only two states, Pennsylvania and New Hampshire, cap the net operating losses (NOL) business can carry over against their Corporate Net Income (CNI) taxes. Here’s why the other 48 don’t. The cap penalizes start-up and cyclical companies by significantly increasing their effective tax rate. Allowing for the deduction in net operating losses improves ...
Health Care Remarkably some have characterized the Medicaid expansion under the federal Affordable Care Act (ACA) as “free” for Pennsylvania because Washington “covers” the initial few years of cost. This, when the money to pay for the expansion still comes from the same pockets, ours, and the commonwealth will end up shouldering most of the ...
Transportation Funding Our roads and bridges are not only costing us millions in delays and vehicle repairs but they are dangerous as well. Fifty years is the average age for a Pennsylvania bridge and PennDOT classifies more than 4000 bridges as structurally deficient. These deficiencies cause rerouting, shipping delays, and hazardous situations on a daily ...
Restraint in Spending The Governor’s budget builds on his first two spending plans that combined to erase a $4.2 billion deficit caused by the recession and the end of federal stimulus money. It hasn’t been easy or painless. According to his Budget Office, 260 line items in the annual budget have been eliminated since Governor ...
Governor Corbett’s third budget proposal continues a restraint in pubic spending that over the past two years eliminated a $4.2 billion deficit without raising taxes. “We stopped our fiscal cliff before it even had a name,” Governor Corbett said in his address before the General Assembly on February 5. “And we didn’t do it by ...
The 2013-14 legislative session, with 23 new lawmakers, began on January 1 under a constitutional requirement that swearing in occur the first Tuesday in January. The new members will have little time to adjust to the rules and routine as they will have to embrace transportation funding, liquor privatization, another tight budget, and we at ...