PA Taxes

April 10, 2013

When fully phased in, the plan will cost the commonwealth—conservatively—more than $800 million annually.

March 12, 2013

Over the past decade, Pennsylvania has enacted numerous corporate tax cuts whose costs have skyrocketed. They compete with state funding for schools, the state’s colleges and universities, early childhood education, and human services.

Updated: February 20, 2013

Governor Tom Corbett proposed a 2013-14 budget of $28.4 billion — up $400 million, or 1%, from the budget in place when he took office in January 2011. Read PBPC's detailed analysis of the proposal.

February 5, 2013

The governor’s budget does little to reduce the trend of disinvestment in Pennsylvania schools and communities. It relies heavily on speculative and one-time sources of funding, and proposes expensive new corporate tax breaks that will continue to shift costs to local taxpayers. Read PBPC's media statement.

February 4, 2013

One bill, although characterized as a “Mom & Pop” benefit, would provide as much of a windfall for Paris Hilton as for the corner grocer. A second bill would create a loophole that, in certain situations, corporations could use to transfer earnings to owners as “interest,” reducing the state tax imposed on their profits.

January 22, 2013

The inheritance tax bill would create a new loophole that could easily be exploited, would be very costly and would likely violate the uniformity clause. Another bill would eliminate the bank loans tax, a very important piece of the tax code that helps to defer a type of sham financial transaction.

October 15, 2012

"Today the House has taken the unprecedented step of passing a bill that creates a costly new program outside of the budget process," PBPC Director Sharon Ward said in a statement today. "House Bill 2626 would provide profitable corporations a new tax credit just for filling a vacant position, without creating any new jobs."

September 19, 2012

Pennsylvania has enacted billions of dollars in business tax cuts and spent hundreds of millions on tax credits, yet there is little information available to determine whether these large tax expenditures have done what they promised to do, PBPC Research Director Michael Wood testified before the House Finance Committee today.

Monthly archive