Memo: Governor’s Tax Cut Plan Falls Short of Reform

Sharon Ward |

Hidden deep within Governor Tom Corbett‰’s proposed 2013-14 budget is a plan to enact a 30% cut in Pennsylvania‰’s corporate net income tax rate over 10 years, along with a number of other tax policy changes, that when fully phased in will cost the commonwealth‰ conservatively‰ more than $800 million annually.