Tax Credits

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.

June 29, 2012

In addition to passing a state budget, the General Assembly is moving legislation to change the rules for charter school authorization, expand the Educational Improvement Tax Credit, provide additional funding for distressed schools and establish new standards for teacher evaluations.

June 25, 2012

Expanding the Educational Improvement Tax Credit (EITC) now will drain more state revenue away from public schools at a time when many are laying off teachers, cutting kindergarten or prekindergarten, and eliminating courses, PBPC researchers write in a new analysis.

June 12, 2012

The Pennsylvania House amended the Senate Budget last week to add $91 million to the Departments of Education, Environmental Protection and Public Welfare, but because new spending had to be offset elsewhere the plan also includes cuts to the Governor’s office, economic development programs and general government operations.

March 10, 2011

Governor Tom Corbett's 2011-12 state budget makes deep cuts to education and higher education, as well as across-the-board cuts to most services and departments. At $27.3 billion, the budget is 3.1%, or $866 million, less than the available 2010-11 budget.

June 21, 2008

The bulk of the plan includes permanent tax changes popular with business associations but of little value for most businesses or for the economy.

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