Tax and Budget

March 20, 2014

Many profitable Fortune 500 companies including Pennsylvania-based PPL, H.J. Heinz, Airgas, Allegheny Technologies, Hershey, and Comcast are paying little or nothing in state income taxes thanks to loopholes, tax breaks, and crafty accounting, according to a new report from the Institute on Taxation and Economic Policy (ITEP) and Citizens for Tax Justice (CTJ).

March 10, 2014

Ohio, Pennsylvania, and West Virginia should take a common approach to taxing gas and oil drilling in the Marcellus and Utica Shale, leaders of research and policy organizations from each state said today.

February 27, 2014

A comprehensive five-year study of 288 highly profitable Fortune 500 companies finds that 111 of them, including six based in Pennsylvania, paid no federal corporate income tax in at least one of the last five years.

January 13, 2014

Halfway through the state's fiscal year, General Fund revenues are right on target — exceeding official estimates by a scant $2 million, or 0.02%. Tax and other collections in December came in $40 million, or 1.7%, below the monthly target, largely erasing the modest revenue surplus that had been generated so far.

December 18, 2013

A decade of corporate tax cuts are a major reason that Pennsylvania is expected to have far fewer resources than it needs to pay for education, health care, and other essential services for years to come. Unless lawmakers reverse course and come up with additional revenue, our schools, communities, and families will continue to bear the brunt and our economy will suffer.

December 11, 2013

"Pennsylvania’s experience with business tax reduction is instructive," PBPC Director Sharon Ward testified. "Since 1998, the Commonwealth has reduced taxes to the tune of $3 billion annually. These large tax reductions have not had the desired impact. When business tax reductions were first enacted Pennsylvania ranked 27th in job creation. By 2010 we had fallen to 34th."

December 10, 2013

Efforts to reform property taxes in Pennsylvania have heated up in recent months, but the four major proposals currently before the General Assembly do not address the primary issue — that too few state dollars are used to support public schools.

November 25, 2013

This webinar takes a closer look at proven strategies to provide property tax relief to those who most need it — while protecting critical investments in public education.

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