Business Tax Relief – Page 2 – Pennsylvania Manufacturers’ Association

Study after study shows Pennsylvania’s business taxes to be among the highest and least competitive in the nation. The “sticker shock” of high taxes makes it difficult to show a business relocation prospect all of Pennsylvania’s many attributes. To be competitive, it is essential that Pennsylvania continues to reform business tax rates and administration to enhance overall business competitiveness.

Progress is being made as Act 55 of 2022 will gradually lower Pennsylvania’s highest-flat-rate-in-the-nation Corporate Net Income Tax of 9.99% to 4.99% by 2031. But more reforms are needed. Net Operating Loss should be uncapped from the current 40% as Pennsylvania is one of only 3 states that applies such a limit that discourages business investment. Other reforms include but are not limited to fairer and more uniform tax treatment of businesses paying at the Personal Income Tax threshold as is done in other states.

Wolf’s budget plan is a job killer

February 09, 2021 | Business Tax Relief

Republican legislative leaders to a person denounced the tax increases and other assorted job-killing initiatives unveiled in Governor Wolf’s budget address last week. The GOP leaders can back up the talk with action (or inaction in this case) since they preside with strong majorities in both the House and Senate. Wolf’s Big Government agenda, which ...

Budget done; job creating reforms on deck

July 03, 2019 | Business Tax Relief | Regulatory Reform | Workforce/Education

Left behind in last week’s approval of the state budget are needed reforms to the business tax and regulatory structure that would help Pennsylvania take full advantage of an unrelenting surge in the nation’s economy. America just broke the record of 120 months of sustained growth thanks to the federal Tax Cuts and Jobs Act ...

Harrisburg budget choices: more taxes or more jobs

May 22, 2019 | Business Tax Relief | Energy

Governor Tom Wolf has been travelling the state peddling this year’s version of his tiresome tax hike plan. His redundant tax on natural gas production is masquerading as an infrastructure improvement plan under the hopeful sounding name of “Restore Pennsylvania.” In typical tax-and-spend political irony, the plan would penalize the success of the very industry ...

Lawmaker Warns of Backdoor Tax Increases from the Department of Environmental Protection

May 09, 2019 | Business Tax Relief | Regulatory Reform

The Department of Environmental Protection (DEP) is cashing in on a permissive regulatory environment in Harrisburg. Late-2017 DEP fee increase approvals are on pace to cost businesses and consumers $50 million, with more increases on the way. The fee increases have met little resistance from the regulatory bodies authorized to review them. One, the Environmental ...

Wolf Spending Plan Is a Big Win for Competitor States

February 12, 2018 | Business Tax Relief

Governor Tom Wolf’s budget proposal offers little to encourage growth in Pennsylvania. As President Pro Tempore Joe Scarnati (R-Jefferson) said after the governor’s address, this budget does nothing to help Pennsylvania avoid getting stuck on the sidelines when the “wave of economic growth hits from the changes in federal tax law.” Outside of some workforce ...

State Government Too Broken For Legislature to Fix

August 23, 2017 | Business Tax Relief

For Rep. Steve Bloom (R-Cumberland), it’s time to turn Harrisburg’s troubles over to a higher authority. Partial and late budgets, declining credit ratings, costly and error plagued state contracts, and a trail of corrupt officials are symptoms of deep structural problems, he says, and a constitutional convention is the only way to fix them. “These ...

State Government Leaders Back in Harrisburg Rummaging for Funds

July 05, 2017 | Business Tax Relief | Energy

The General Assembly returns to Harrisburg this week in search of more than $2 billion to fully fund, as required by law, the $32 billion spending plan that was sent to the governor last Friday. The available options are all unwelcome: borrowing; more gambling; increasing taxes; shifting money between funds. “Pennsylvania’s economy continues to underperform. ...

Middle Class Would Rise Again Under Trump Tax Reform Plan

April 28, 2017 | Business Tax Relief

Senator Pat Toomey (R-PA) rightly characterizes President Trump’s tax reform plan as one that will result in well-paying jobs –“The best economic stimulus for the middle class,” he said in a statement. He also noted that massive increases in government spending and nearly $2 trillion in taxes under President Obama delivered the opposite: “The slowest ...

Time to Drive a Stake Through Wolf’s Undead Tax Agenda

February 15, 2017 | Business Tax Relief

When the layers of Governor Tom Wolf’s latest budget proposal are peeled away during the legislative budget hearings that begin next week, Pennsylvanians will see a rogues gallery of job-killing tax increases from across the decades – some defeated, some repealed – back to haunt our economy. “You can repackage it any way you like,” ...

Spending-First, Revenue-Later budget stalls in Harrisburg

July 05, 2016 | Business Tax Relief | Energy

The General Assembly and Governor Tom Wolf are still working towards a budget agreement, which, as of this writing, will likely be finalized in the weeks following the June 30 deadline. While no one facing re-election wants to repeat last year’s bruising nine-month budget battle, the kind words exchanged about this year’s budget talks have ...