Business Taxes

Reduce the Corporate Net Income Tax, at 9.99 percent the second highest in the country. Stay on track for final phase-out of the Capital Stock & Franchise Tax. Maintain fight against corporations reporting all taxes from all jurisdictions (combined reporting). 

Harrisburg budget choices: more taxes or more jobs

Governor Tom Wolf has been travelling the state peddling this year’s version of his tiresome tax hike plan. His redundant tax on natural gas production is masquerading as an infrastructure improvement plan under the hopeful sounding name of “Restore Pennsylvania.” In typical tax-and-spend political irony, the plan would penalize the success of the very industry that is actually helping to restore Pennsylvania.

Timmons and Taylor: President’s Tax Plan Will Spur Economy in Pennsylvania and Across the Country

CONTACT:
NAM Media Relations

Washington, D.C., October 11, 2017 – National Association of Manufacturers (NAM) President and CEO Jay Timmons and Pennsylvania Manufacturers’ Association (PMA) President David Taylor released the following joint statement on President Donald J. Trump’s tax reform rally in Harrisburg, Pennsylvania:

State Government Too Broken For Legislature to Fix

For Rep. Steve Bloom (R-Cumberland), it’s time to turn Harrisburg’s troubles over to a higher authority. Partial and late budgets, declining credit ratings, costly and error plagued state contracts, and a trail of corrupt officials are symptoms of deep structural problems, he says, and a constitutional convention is the only way to fix them. “These are issues the Legislature is either unwilling or unfit to take care of,” Bloom said.

Testimony before the House Democratic Policy Committee

No matter what product is being made, manufacturers are taking raw materials or component parts and going through a multi-state process to yield a finished good.  In doing so, they are almost always deploying some kind of chemical process and consuming a large amount of energy. For some manufacturers, energy is their most expensive cost input, which is why manufacturers require available, affordable, and reliable energy. 

Middle Class Would Rise Again Under Trump Tax Reform Plan

Senator Pat Toomey (R-PA) rightly characterizes President Trump’s tax reform plan as one that will result in well-paying jobs --“The best economic stimulus for the middle class,” he said in a statement.

He also noted that massive increases in government spending and nearly $2 trillion in taxes under President Obama delivered the opposite: “The slowest lowest post-recession recovery since World War II, weak job growth, and stagnant household income.”