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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
June 8, 2016 | By John Bicknell
MAYOR KENNEY wants to impose a hefty tax on soda and sugary drinks and use the revenue to pay for universal preschool for the city's 3- and 4-year-olds. It's a bad idea, for a lot of different reasons. Kenney insists his proposal - unlike others tried around the country - is all about education, not about public health. "The ancillary benefit to this will be healthy choices, but it's not the purpose," according to Kenney. "The purpose of imposing this 3-cents-an-ounce sugar-sweetened beverage tax is to allow people to get their kids educated and move them out of poverty into taxpaying citizens.
NEWS
August 15, 2016
There's a lot not to like about the undisciplined nature of Donald Trump's Republican campaign for president. His zigzagging from one alienating remark to another diverts attention from issues such as income inequality, which fueled Bernie Sanders' candidacy before he lost the Democratic nomination to Hillary Clinton. Trump gave an economic policy speech last week, but people were talking more about his comments at a rally in North Carolina, which some interpreted as suggesting that gun rights advocates should harm Clinton.
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
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
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
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
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
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.
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ARTICLES BY DATE
NEWS
August 15, 2016
There's a lot not to like about the undisciplined nature of Donald Trump's Republican campaign for president. His zigzagging from one alienating remark to another diverts attention from issues such as income inequality, which fueled Bernie Sanders' candidacy before he lost the Democratic nomination to Hillary Clinton. Trump gave an economic policy speech last week, but people were talking more about his comments at a rally in North Carolina, which some interpreted as suggesting that gun rights advocates should harm Clinton.
NEWS
June 9, 2016 | By John Baer
AFTER WRITING recently about a Tax Foundation book on Pennsylvania's taxes, I got lots of input from lots of places. Most underscored the book's main point: Reform is needed. So, as Harrisburg works on another state budget, I figured I'd offer some examples of taxes gone awry. ONE: Our personal income tax (PIT) of 3.07 percent is second-lowest among states that levy a PIT. Seven don't. But that's deceptive. We've also got 2,500 municipalities and 500 school districts piling on local income taxes, which most other states do not have.
NEWS
June 8, 2016 | By John Bicknell
MAYOR KENNEY wants to impose a hefty tax on soda and sugary drinks and use the revenue to pay for universal preschool for the city's 3- and 4-year-olds. It's a bad idea, for a lot of different reasons. Kenney insists his proposal - unlike others tried around the country - is all about education, not about public health. "The ancillary benefit to this will be healthy choices, but it's not the purpose," according to Kenney. "The purpose of imposing this 3-cents-an-ounce sugar-sweetened beverage tax is to allow people to get their kids educated and move them out of poverty into taxpaying citizens.
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.
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