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NEWS
May 10, 2016
By Pete Sepp and Matthew Brouillette In the run-up to Pennsylvania's primary elections, one presidential candidate condemned Philadelphia's proposed soda tax, saying, "A tax on soda and juice drinks would disproportionately increase taxes on low-income families in Philadelphia. " You might expect this to come from the tax-averse Republican Sen. Ted Cruz or business-friendly Donald Trump - but you'd be wrong. It was Democratic candidate Sen. Bernie Sanders, a self-styled champion of the little guy who is unafraid to back tax increases.
NEWS
May 24, 2016 | By John Baer
THINK Pennsylvania taxes should be fairer, more sensible? Think every sector of the economy should be taxed equally? Think our CNI (corporate net income) tax rate, the nation's second highest, has anything to do with a job-growth ranking of 41st among states? Well, a new book, Pennsylvania Illustrated: A Visual Guide to Taxes & the Economy , dips into the complex stew of state tax structure and suggests ours could use some stirring. The gist? Our evolution over 50 years from a goods-based economy to a service economy hasn't been matched by our tax system, which pretty much stayed the same.
NEWS
April 27, 2016
Nathan Benefield is vice president of policy for the Commonwealth Foundation Conservatives loathe government handouts. Liberals denounce special favors to corporations. One thing can unify these two sides: ending Pennsylvania's budget-busting corporate-welfare handouts. Every year, state government gives millions in taxpayer dollars to favored businesses under the guise of "economic development. " In reality, these giveaways represent political development, enriching special interests and their well-connected lobbyists.
NEWS
February 27, 2015 | By Chris Palmer and Angela Couloumbis, Inquirer Staff Writers
BETHLEHEM, Pa. - Gov. Wolf on Wednesday proposed cutting the state corporate net income tax rate in half by 2018, a step he said would allow Pennsylvania to move from the nation's second-highest rate to one of its lowest. Unveiling pieces of his economic plan to Lehigh Valley business leaders, Wolf called for gradually reducing the corporate net income tax from 9.99 percent to 4.99 percent, and eliminating the already-expiring capital stock and franchise tax. Wolf also said he wanted to implement "combined reporting," a concept in which the state could tax a multistate corporation's total revenue, not just its Pennsylvania earnings.
BUSINESS
March 12, 1998 | By Larry Williams, INQUIRER WASHINGTON BUREAU
Advocates of radical changes in the federal tax system are busy these days trying to convince the American people that their paychecks are about to be devoured by the U.S. government. "The typical family pays more than 38 percent of its income in taxes. That's nearly 40 cents of every dollar," said Senate Majority Leader Trent Lott in his response to President Clinton's State of the Union address. "That's not just bad policy. It's immoral. " It's also just plain wrong, say analysts at the Center on Budget and Policy Priorities, a Washington-based liberal research group.
NEWS
April 21, 2010 | By RALPH R. REILAND
HERE'S THE news from the New York Times on the day before Tax Day: "Forty-seven percent. That's the portion of American households that owe no income tax for 2009. The number is up from 38 percent in 2007. " Given that nine-point jump in no-pays in just two years, it looks as if it won't be long before a solid majority of American households are taking out more than they're putting in when it comes to federal income tax monies. Here's the problem. Paying zero, what's their incentive to keep from pushing for bigger spending on every federal boondoggle that's funded by the income tax, no matter how wasteful or crooked the project?
NEWS
May 1, 1988 | By S. A. Paolantonio, Inquirer Staff Writer
Paul Gann, now 75, who with the late Howard Jarvis founded a tax-reform movement on the West Coast, will celebrate next month the 10-year anniversary of Proposition 13, which has lopped off an estimated $75 billion in California property taxes since it passed overwhelmingly in 1978. That's the good news. On Thursday, there will be another kind of celebration, this one, however, marking the ignominious liberation of the average American from the tax bite. The Tax Foundation in Washington calls it Tax Freedom Day, the day when Americans start working for themselves, having satisfied the requirements of federal, state and local taxes.
NEWS
March 7, 2012 | BY RALPH R. REILAND
HERE'S a headline that's sure not to boost investment and job creation in Pennsylvania: "Wyoming First, Pennsylvania Worst In Business Taxes. " It's a recent headline on the front page of Investor's Business Daily , read nationally by precisely the people who make the decisions about the location of job-creating capital investments and business expansions. "An executive looking for a place to locate his company might do well to consider Wyoming," begins the article.
NEWS
January 24, 2008 | By Debra P. DiLorenzo
Recently, three published reports documented New Jersey's problems attracting and retaining residents and jobs. This is a major issue for the business community and workers in the state, and policymakers cannot afford to ignore or downplay these reports, or consider them a self-fulfilling prophecy. One of the most publicized reports, released in October by Rutgers University's Edward J. Bloustein School of Planning and Public Policy, documented the migration of New Jersey residents to states that are more affordable and have lower taxes.
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ARTICLES BY DATE
NEWS
May 24, 2016
Think Pennsylvania taxes should be fairer, more sensible? Think every sector of the economy should be taxed equally? Think our CNI (corporate net income) tax rate, the nation's second highest, has anything to do with a job-growth ranking of 41st among the states? Well, a new book, Pennsylvania Illustrated: A Visual Guide to Taxes & the Economy , dips into the complex stew of state tax structure and suggests ours could use some stirring. The gist? Our evolution over 50 years from a goods-based economy to a service economy hasn't been matched by our tax system, which pretty much stayed the same.
NEWS
May 10, 2016
By Pete Sepp and Matthew Brouillette In the run-up to Pennsylvania's primary elections, one presidential candidate condemned Philadelphia's proposed soda tax, saying, "A tax on soda and juice drinks would disproportionately increase taxes on low-income families in Philadelphia. " You might expect this to come from the tax-averse Republican Sen. Ted Cruz or business-friendly Donald Trump - but you'd be wrong. It was Democratic candidate Sen. Bernie Sanders, a self-styled champion of the little guy who is unafraid to back tax increases.
NEWS
April 27, 2016
Nathan Benefield is vice president of policy for the Commonwealth Foundation Conservatives loathe government handouts. Liberals denounce special favors to corporations. One thing can unify these two sides: ending Pennsylvania's budget-busting corporate-welfare handouts. Every year, state government gives millions in taxpayer dollars to favored businesses under the guise of "economic development. " In reality, these giveaways represent political development, enriching special interests and their well-connected lobbyists.
NEWS
April 16, 2016
By Andy Koenig When are you done paying your taxes? No, the answer isn't April 18 - taxes are just due on that day. Pennsylvanians finish paying them on April 22, and New Jerseyans finish on May 12. That's when you finally earn enough to pay what you'll owe for 2016. Put another way: You work well over 100 days this year before you actually start to see your hard-earned money. The nonpartisan Tax Foundation calls this "Tax Freedom Day," although you probably won't feel like celebrating when you consider that you're likely spending more on taxes than on food, clothing, and housing combined.
BUSINESS
April 3, 2016 | By Joel Naroff
The Pennsylvania primary is a few weeks away, and for the first time in memory, the vote for the presidential candidates may actually be meaningful. While the remaining hopefuls have separated themselves by personality, the question that concerns me is this: Are there differences in the candidates' economic strategies that voters should be aware of before they enter the voting booth? In this first of two columns, I will discuss the three Republican candidates' economic proposals.
NEWS
December 30, 2015 | By Andrew Seidman, TRENTON BUREAU
Republican presidential front-runner Donald Trump unleashed a fusillade of attacks Monday on Gov. Christie, a rival, criticizing him on everything from New Jersey's economy to the George Washington Bridge scandal. Trump's remarks came in response to a Sunday editorial by the publisher of the New Hampshire Union Leader, which called the celebrity real estate mogul's campaign "an insult to the intelligence of Republican voters. " Trump accused Christie - who was endorsed by the Union Leader and is gaining ground in Granite State polls - of encouraging the publisher, Joseph W. McQuaid, to write the editorial.
NEWS
December 19, 2015
By Nathan Benefield With Christmas fast approaching, children are busy creating wish lists for Santa Claus. While most kids eventually outgrow a belief in Santa - and realize it's their family buying their gifts - a few Pennsylvania politicians seem unwilling to give up the make-believe world of their childhood. Just as Santa promises toys and totes bags of presents, some politicians promise gifts to voters and hand out goodies to countless special-interest groups. If you believe their spin - and in Santa - no one will have to pay for these gifts.
NEWS
February 27, 2015 | By Chris Palmer and Angela Couloumbis, Inquirer Staff Writers
BETHLEHEM, Pa. - Gov. Wolf on Wednesday proposed cutting the state corporate net income tax rate in half by 2018, a step he said would allow Pennsylvania to move from the nation's second-highest rate to one of its lowest. Unveiling pieces of his economic plan to Lehigh Valley business leaders, Wolf called for gradually reducing the corporate net income tax from 9.99 percent to 4.99 percent, and eliminating the already-expiring capital stock and franchise tax. Wolf also said he wanted to implement "combined reporting," a concept in which the state could tax a multistate corporation's total revenue, not just its Pennsylvania earnings.
NEWS
October 9, 2014
HOW ABOUT some tax talk? Wait, wait, don't leave. This is important, or could be. It's a big part of the governor's race and likely to be a focus of the final debate in Pittsburgh tonight. Republican Gov. Corbett says he should be re-elected for keeping taxes low and because Democrat Tom Wolf will raise taxes - without saying how much. Wolf argues Corbett's management and tax policy hurt education, job creation and state fiscal ratings. Wolf says he just wants to make taxes fairer.
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