July 28, 2016
By Pete Sepp Democratic party leaders have their work cut out. Coming off a divisive primary, Hillary Clinton faces no small task in bridging divides in the party's core constituency while at the same time articulating a vision capable of retaining the White House come Nov. 8. Late last month, Democratic leaders began drafting the Magna Carta of those efforts: the party's official policy platform, a blueprint of priorities for the months, and...
May 31, 2016 |
Could a national sales tax be on the horizon? Since the Great Recession ended in mid-2009, America's real GDP growth has averaged just 1.8 percent a year, well below the nation's prerecession average of 3.5 percent growth. Slow growth in the economy demands tax reform, according to some economists. In response, Ed Liva, director of the Villanova University Graduate Tax Program, is hosting on Thursday the law school's first Tax Policy Symposium, "Fundamental Tax Reform and Tax Policy Issues in Election Year 2016.
February 28, 2016 |
Mayor Kenney joined business groups, construction and janitors' union leaders, and state legislators from both parties Friday to endorse a tax-reform plan backed by Center City's biggest office landlord. A bill sponsored by State Reps. John Taylor (R., Phila.) and Bill Keller (D., Phila.), among others, would change Pennsylvania law to allow the city to boost business real estate taxes by 15 percent above residential real estate taxes, then use the extra to cut city wage and business-privilege taxes.
September 30, 2015 |
Gov. Christie said Monday that he would not consider raising the state's tax on gasoline unless lawmakers pared back other levies, though he didn't endorse a specific plan. Christie's transportation commissioner has said the state will run out of money for road, bridge, and rail projects in July. "I will consider any option that's presented to me as long as those options include tax fairness for the people of New Jersey," Christie said Monday morning at a breakfast in Morris County hosted by the Commerce and Industry Association of New Jersey.
May 14, 2015
IN PAST City Council races, we've always been impressed with the wide variety of candidates that come up from the neighborhoods and community activism, "regular joes" who are dedicated to public service. These contenders are not always the best qualified, but their runs represent the essence of democracy - and a refreshing counterpoint to a City Council that has often represented political dynasties as much as, if not more than, the people's business. This time around, the large slate for at-large Council seats is impressive for a different reason: They represent a level of professional accomplishment in law, business and education that could bring a strong upgrade to the city's legislative body.
May 14, 2015 |
HARRISBURG - Two measures dealing with issues that are key to any state budget deal - property taxes and pensions - began moving through the legislature Tuesday, with lawmakers pushing for swift action on both. The House began debate on a multibillion-dollar property-tax relief measure whose prospects are uncertain, while the Senate is poised to vote on a Republican-backed proposal to rein in the cost of public-employee pensions. Both bills are up for final passage Wednesday, after which legislators will break until June, when budget talks with Gov. Wolf will begin in earnest.
December 5, 2014 |
Rather than taking on the hard work of genuine tax reform, Congress plans to continue its sloppy approach to the issue by extending roughly 50 temporary tax breaks for another year. That sets up another crisis next year. It also means individuals and businesses can't keep accurate budgets because they don't know if their tax breaks will survive the next hostage-taking episode in Washington. The wind energy business, for example, is slumping because a key tax credit expired last year.
October 30, 2014 |
Challenged by financial analysts who had just learned of Pfizer Inc.'s declining revenue and small quarterly profit, chief executive officer Ian Read said Tuesday that the drugmaker would keep exploring the purchase of a foreign company in the hope of paying less tax in America, U.S. Treasury Department efforts to the contrary. New rules announced in September made a so-called tax-inversion deal "more complicated" and "potentially limits the value," Read said, but the right deal is still worthwhile.
May 21, 2014 |
TRENTON - Senate panels advanced legislation Monday that would impose a tax on electronic cigarettes and change New Jersey's criminal justice system so judges can deny bail in certain circumstances. Gov. Christie, a Republican, has expressed support for both ideas. His $34.4 billion budget proposal for the fiscal year that begins July 1 projects that imposing the tobacco-product wholesale tax on e-cigarettes would generate $35 million in revenue for the state. The bill that advanced Monday would impose a wholesale sales tax rate of 75 percent on e-cigarettes.
April 4, 2014 |
G OV. CORBETT found himself this week in a political pincer movement, with foes on his left and right railing about increased gasoline taxes and motorist fees. The ruckus reminded Grover Norquist of the presidential election 22 years ago, when Bill Clinton used then-President George H.W. Bush 's violation of a "no new taxes" pledge to unseat him. Bush signed the "taxpayer-protection pledge" from Norquist's Americans for Tax Reform. So did Corbett, back in 2010 when he was first running for governor.