February 27, 2015 |
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.
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.
January 16, 2014 |
TRENTON The leaders of the Democratic-controlled Legislature laid out in broad terms Tuesday their priorities for the new session, pledging to slow the rise of property taxes and renew fights with Gov. Christie on issues such as funding for women's health. Republicans, too, placed an emphasis on reducing the property-tax burden. But neither party proposed specific changes Tuesday, though Christie addressed the issue at greater length in his State of the State address. Democrats retained the same majorities in each chamber of the Legislature - 24-16 in the Senate, 48-32 in the Assembly - that they had heading into the November elections.
May 17, 2013 |
TRENTON - In TV attack ads, politicians often put text underneath the images to indicate the sources of statistics used to skewer the opposition. But in the ad that Republican Gov. Christie has been running this week against State Sen. Barbara Buono (D., Middlesex), his expected challenger in November, the source cited is unrelated to the accusation. That is now changing. On Tuesday, The Inquirer pointed out the discrepancy to the Christie campaign. On Wednesday, campaign spokesman Kevin Roberts said, "We are adding an additional level of specificity when it comes to the source citation.
April 17, 2013
By Antony Davies and James R. Harrigan Each July Fourth, Americans celebrate their freedom, the result of a revolution over "taxation without representation. " This month, we celebrate another type of freedom - from our own tax man. It turns out that taxation with representation is no picnic either. According to the Tax Foundation, Tax Freedom Day - the day on which the average American has earned enough money to pay off his federal, state, and local tax bills for the year - occurs on Thursday.
July 20, 2012 |
THE FINANCIAL impact, Renee Amoore explained, was painful. Speaking Monday in LOVE Park for Mitt Romney's presidential campaign, Amoore said she was forced to lay off 200 of her 500 employees. The blame, Amoore said, fell on President Obama's handling of the economy — specifically, increases in federal taxes on payroll, health care and business. Something there sounded off-kilter. We'll come back to that. Amoore, deputy chairwoman of the Pennsylvania Republican Party for 16 years, was playing a leading role in Romney's efforts to shift the focus from his business record to Obama's time in the White House.
May 1, 2012 |
GREAT NEWS, KIDS, your Legislature's back this week after a nice long break for Easter and the primary, and, boy, it sounds as if lawmakers are really ready to work. High on the list: fiscal responsibility, private-sector job creation and cuts in business taxes. Did you just stand and cheer? Why not? Don't you think if businesses pay lower taxes, they all go out and hire the jobless and underemployed? And just in time, too, because starting Tuesday, the state — in ongoing efforts to cut waste, fraud and abuse — is going after people on food stamps.
April 16, 2012 |
WASHINGTON - The White House and congressional Democrats think they have the ideal issue to use against Republicans all year - that the GOP is eager to give tax breaks to the rich. "It's an excellent strategy for Democrats," said Floyd Ciruli, a Denver-based political consultant, as the Senate plans a vote Monday on a Democratic-sponsored measure to impose higher taxes on millionaires. The Democratic strategy, though, might not be a winning one. While taxing the rich is popular, "it just isn't the first priority" of the swing voters who likely will decide the 2012 presidential and congressional elections, said Lanae Erickson, deputy director of social policy and politics at Third Way, a centrist Democratic group that recently studied independent voters.
April 9, 2012 |
When it comes to the real estate tax, opinion is deeply divided: Half of property owners hate it, and the other half really, really hate it. Dissatisfaction appears to be off the charts in North Dakota. In June, in what is believed to be a first, voters will decide whether to scrap the unpopular levy. "We consider North Dakota to be Lexington and Concord," said Charlene Nelson, a home-schooling mother who is a referendum organizer. Although nothing of that magnitude is unfolding in Pennsylvania, the legislature once again is considering bills to eliminate the property tax, oft-criticized for being unfair, antiquated, and baffling.
March 7, 2012 |
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.