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). 

Budget, Transportation Early Concerns of New Legislative Session

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 PMA hope they will tackle key business issues left over from last year.

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.