taxes-and-spending

A proposed reduction to Pennsylvania's corporate net income tax could be included in this year's state budget.

Pa. collected $4.2B in tax revenue in September; $9.8B so far this year

BY: - October 3, 2022

Mirroring some of the confusion in the national economy, Pennsylvania’s tax collections for September also were a mixed bag, according to newly released state data.  The commonwealth collected $4.2 billion in general fund revenue in September, coming in at $135.8 million, or 3.3 percent, ahead of projections.  Three months into the 2022-23 fiscal year, the […]

As Manchin pulls energy plan, Pa.’s Toomey votes against advancing stopgap spending bill

BY: - September 28, 2022

Democrats and Republicans voted 72-23 to move the measure toward a final vote later this week.

Despite economic headwinds, most state budget experts aren’t worried | Analysis

BY: - July 28, 2022

Tax collections remain strong, and analysts are predicting a slowdown, not a recession.

Philly landlords expected to raise rents due to city reassessment

BY: - July 13, 2022

Like everything else, rents in Philadelphia are rising and could go higher with the average 31 percent property tax increase coming next year.

COMMENTARY
A proposed reduction to Pennsylvania's corporate net income tax could be included in this year's state budget.

The 2 big Pa. budget numbers to pay attention to this week | Thursday Morning Coffee

BY: - July 7, 2022

2021-22 tax collections came in $5.6B ahead of estimates. Why that matters.

COMMENTARY

Who runs Harrisburg? You or the corporate elite? | Opinion

BY: - June 29, 2022

With the budget clock ticking down, lawmakers have a choice to help working Pennsylvanians.

COMMENTARY

Tax cuts cause inflation, too. We need to resist quick fixes | Bruce Ledewitz

BY: - June 21, 2022

The bottom line: Inflation is far worse than higher taxes.

With budget season approaching, Pennsylvania business leaders want a corporate tax cut

BY: - June 1, 2022

Pennsylvania chambers of commerce say a tax cut will attracts businesses and create jobs.

In Penntown, a mostly Black neighborhood in North Philadelphia, newer million-dollars townhomes have raised the value of homes across the street, in some cases doubling their tax bills (Philadelphia Tribune photo).

Philly’s reassessment hurting African Americans, seniors on fixed incomes

BY: - May 28, 2022

By Stephen Williams PHILADELPHIA — Rosalee Cooper, president of the Ridge Allegheny Hunting Park Association, says many of her neighbors are worried and confused about the city’s reassessment of their homes. When she checked on the city’s website, the value of her home was $127,000, about double from last year, when it was $64,000. “That […]

IRS Calls For Some Employees To Return To Offices To Deal With Backlog

Tax Day 2022: What if the government filled out your tax form for you?

BY: - April 18, 2022

'I think if people realized it was as simple as clicking a key and the next day you’d get your tax refund, there would be a lot more demand for it,' scholar Cliff Robb says.

New Jersey eyes tax rebates to offset soaring gas prices

BY: - April 12, 2022

And could the Garden State finally allow you to pump your own gas? A plan to partially allow it has been revived.

COMMENTARY

More money, more problems? Pa. tax collections shot up in March | Monday Morning Coffee

BY: - April 4, 2022

As another budget season beckons, the state collected $5.6B billion in general fund revenue last month.