Tax Reform

Wolf’s RGGI fixation will slow Pennsylvania’s recovery

Gov. Tom Wolf’s timing for imposing a new energy tax could hardly be worse. Pennsylvania’s economy is trying to recover from the pandemic’s brutal effects. Yet, Wolf’s fixation to join the Regional Greenhouse Gas Initiative (RGGI) ignores that the policy will raise families’ energy bills and cripple local businesses. Wolf has tried – without the …

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As Pa. Tries to Show It’s Business-Friendly, Gov. Tom Wolf Proposes Cuts in Key Tax

At a glance: The governor’s budget would take the state’s corporate net income tax from its current rate of 9.99% to 7.99%, effective Jan.1 2023, with further single percentage point reductions in 2026 and 2027. What it means: Pennsylvania is trying to shed the stigma associated with having the second-highest tax on corporate profits in the nation, …

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Pennsylvanians could pay more under Wolf’s proposed severance tax plan

For the seventh straight year, Gov. Tom Wolf is proposing a new tax on the state’s natural gas producers — and ultimately on Pennsylvanians. This year’s severance tax plan, like the others before it, could undermine the production of natural gas — which about half of American households rely on for energy — and much-needed …

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Both Biden And Wolf Want Tax Hikes. How Hard Will They Hit The Delaware Valley?

Nearly one year after the COVID-19 shutdowns ravaged Pennsylvania’s economy, the financial effects are still being felt. Governments have faced declining revenues even as the demand for public services has grown. As a result, this has led to conversations about increasing revenue. And because the proposed tax hikes target top earners, they would hit the …

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Tax on natural gas would harm state’s recovery

Pennsylvania has gone from energy importer to key exporter and the second-largest producer of natural gas in the nation. That’s thanks to the shale revolution made possible by modern hydraulic fracturing and horizontal drilling. As the demand for affordable, reliable and clean energy grows, Pennsylvania’s natural gas industry has met the need while generating good-paying …

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Gene Barr: Pro-growth policies will move Pa.’s economy forward

Pennsylvania is at a crossroads. For nearly a year, the pandemic has forced job creators to adapt to ever-changing situations and tackle numerous challenges related to shutdowns, closure orders, less economic activity and making sure they’re complying with state- and CDC-issued guidelines. While the development of a covid-19 vaccine has provided a much-needed ray of …

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CompetePA Coalition: Raising taxes will hurt Pennsylvania’s competitive standing

The following was sent to Gov. Tom Wolf on Feb. 15 by The Greater Pittsburgh Chamber of Commerce, which manages the CompetePA Coalition. CompetePA is a coalition comprised of statewide and regional business groups, small- and medium-sized businesses, as well as Fortune 500 companies. The coalition, which represents more than half the Commonwealth’s private sector employers, …

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