Tax and Budget

October 17, 2011

Pennsylvania should maintain its inheritance tax while limiting any adjustments to those that meet key policy objectives that cannot be resolved in any other way, according to PBPC Director Sharon Ward, who testified before the Pennsylvania House Finance Committee today.

August 24, 2011

Click on the following links to read testimony from PBPC Research Director Michael Wood on severance tax and related Marcellus Shale policies.

August 9, 2011

Companies that claim that closing corporate tax loopholes is too complicated already operate in states that have closed loopholes.

July 13, 2011

On June 30, the Pennsylvania General Assembly completed work on a 2011-12 state budget that achieves Governor Tom Corbett’s primary objective — to meet a target spending number of $27.3 billion or lower, regardless of the impact. PBPC has a detailed analysis of the budget.

June 29, 2011

The Legislature has adopted a 2011-12 budget that does less with more, cutting services to children while leaving most of a $785 million revenue surplus on the table. Read PBPC Director Sharon Ward's statement on the budget approved by the state Legislature.

June 28, 2011

Representative Dave Reed’s Marcellus Shale impact fee would establish 33 separate county-based drilling fees rather than a single statewide fee and have an effective tax rate of 1%. This rate is far lower than most proposals in the state House and Senate.

June 28, 2011

The General Assembly should enact a fair and meaningful tax on Marcellus Shale drillers that invests some portion of the funds into communities across the Commonwealth. PBPC sums up the critical points that lawmakers should consider as they debate this issue.

June 27, 2011

Leading Marcellus Shale impact fee plans in Harrisburg would give the lion’s share of local funding to only eight drilling counties, while doing nothing to address state cuts to education and local services, according to a new report from the Pennsylvania Budget and Policy Center.

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