March is always the most important month for the collection of corporate taxes because nearly half of all corporate tax dollars for the fiscal year come in at this time. While overall tax collections were on target in March 2015, a closer look shows why we need to re-think our corporate tax policies in Pennsylvania.
PBPC hosted its annual Pennsylvania Budget Summit in Harrisburg, providing an in-depth look at the state and federal budget plans and what they mean for communities and families across Pennsylvania. Check out online resources from the Summit.
HARRISBURG, PA (March 3, 2015) — Stephen Herzenberg, executive director of the Keystone Research Center (KRC) issued the following statement on behalf of KRC and the Pennsylvania Budget and Policy Center:
“Gov. Tom Wolf’s first budget would get Pennsylvania back on the right track by investing in the future to help our economy grow more rapidly and making progress towards getting the state’s fiscal house in order.
Gov. Tom Wolf presented his 2015-16 State Budget Proposal on March 3. The Pennsylvania Budget and Policy Center will be posting analysis, infographics and related documents on this page as they become available. Check back often for the latest updates.
Responding to overwhelming public support for enacting a severance tax on natural gas production, Governor Wolf and several members of the General Assembly have released severance tax proposals in 2015. Actual production results from 2014 show that these plans would generate hundreds of millions of dollars in funding for schools, health care, environmental protection, and other critical needs.
HARRISBURG, Pa. (Feb. 18, 2015) – The Better Choices for Pennsylvania Coalition released today a list of 19 recommendations to make Pennsylvania’s tax system fairer. State and local taxes require low- and middle-income workers to pay more of their income in taxes than the highest-income Pennsylvanians, making it hard to raise sufficient funds for public schools, higher education, health care and other vital services.
HARRISBURG, Pa. (Feb. 11, 2015) -- In response to Gov. Wolf’s announcement this morning of a proposed severance tax on natural gas, Michael Wood, research director of the Pennsylvania Budget and Policy Center, released the following statement:
“Enacting a severance tax on the extraction of natural gas in Pennsylvania is long overdue. We, therefore, applaud Gov. Wolf’s proposal earlier today to establish such a tax at the same rate as neighboring West Virginia’s tax.