Pa. House Approves Tax Cut Plan that Will Cost Hundreds of Millions


After a decade of business tax cuts that are costing Pennsylvania $3 billion this year alone, alone, Governor Tom Corbett has proposed a brand new round of corporate tax cuts beginning in tax year 2014 that will continue to come at the expense of investments that really matter in our schools and communities. That proposal is moving forward in the Pennsylvania House of Representatives as House Bill 440. Supporters describe the bill as revenue-neutral tax reform, which closes the Delaware loophole to pay for the new business tax cuts. In reality, the plan will cost the state hundreds of millions of dollars annually within just a few years