Business Tax Relief – Page 4 – 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.

Pension Reform A Must, Lawmakers Say

April 08, 2015 | Business Tax Relief | Labor Issues

The Republican-controlled House plans to take up a pension reform bill in early to mid-May, caucus sources say. The vote will set the stage for working with a Senate Republican majority that is equally committed to reform, and a potential conflict with Governor Tom Wolf who has downplayed the gravity of the public pension crisis. ...

Tom Corbett: An Appreciation

In his four statewide campaigns for public office, Tom Corbett presented himself as the candidate who would make the tough decisions and do the right thing. As he now concludes a decade of public service to our Commonwealth, he has proven himself to be a man of his word. While governor, Tom Corbett stopped the ...

Powerful House GOP Majority in Good Hands

December 03, 2014 | Business Tax Relief

On November 4th, the Pennsylvania electorate turned right and included in the General Assembly’s sweep a more conservative Pennsylvania House of Representatives. A week later those lawmakers in turn elected a House leadership team* that will have a clear set of priorities ready for action when the two-year session begins in January. The agenda will ...

PMA Voter Engagement

October 15, 2014 | Business Tax Relief | Labor Issues | Workforce/Education

Election 2014 is almost here and there is a quick, easy, and risk-free way for you to disseminate pertinent political and policy information to your colleagues and employees. Employees trust their employers for political and policy information more than any other source. In fact, according to market research by the Business and Industry Political Action ...

Rep. Michele Brooks Brings Power to the People

August 14, 2014 | Business Tax Relief | Workforce/Education

Rep. Michele Brooks Brings Power to the People the Old Fashioned Way… Jobs

No One’s Interest But Their Own

July 10, 2014 | Business Tax Relief | Workforce/Education

Governor Tom Corbett confronted the state’s most powerful special interest when he asked lawmakers to send him, as part of the budget, bills reforming public pensions and privatizing liquor sales. The public sector unions have prevented both of these reforms from reaching his desk. As a result, the Governor announced today that he will blue-line-veto $65 million in General Assembly ...

As Budget Process Grinds On, Lawmakers Have Three Clear Choices

June 25, 2014 | Business Tax Relief

State lawmakers are in the thick of the frenzy of patching together a spending plan for the 2014-15 fiscal year that begins July 1. Enacting a budget is a formidable task that entails long, tense negotiations and, since it must be balanced, attention to hundreds of details. Complicating matters further, this year the legislature faces ...

“Babe, I Got You Babe”

May 21, 2014 | Business Tax Relief

Sound the 6:00 a.m. alarm and cue Sonny and Cher! “Groundhog Day” is previewing in Harrisburg with rumblings that the General Assembly may yet again delay the expiration of the Capital Stock and Franchise Tax (CSFT). One business tax expert sarcastically characterized CSFT as the go-to tax if your aim is to stunt business growth. ...

PMA Bulletin – April 10, 2014

Strong Showing for Governor Corbett at Annual Conservative Event Governor Tom Corbett earned praise last Friday from the “dean” of the conservative movement in Pennsylvania. Emphasizing the administration’s pro-growth efforts, Frederick W. Anton III told a crowded ballroom at the 25th annual Pennsylvania Leadership Conference in Camp Hill that he was “100 percent behind the ...

PMA Bulletin – Corbett Budget Reaction

“You Can’t Go Wrong” — Reaction to Governor Tom Corbett’s 2014 Budget Address In his annual budget address this week, Governor Tom Corbett reiterated his pro-growth vision for Pennsylvania, continuing fiscal restraint while upholding state government’s responsibilities to the commonwealth’s citizens. Governor Corbett placed the need for private sector growth on an equal station with adequately ...