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Macroeconomic modeling of state tax policy enacted by PA General Assembly

Included in the PA Administrative Code, passed by the General Assembly as a part of the FY 2021-22 Budget, was a key provision that enables the Pennsylvania Independent Fiscal Office (IFO) to use dynamic scoring to scrutinize any legislation containing expenditures with a fiscal impact of more than $50 million if requested by a member of the General Assembly. Dynamic scoring is a macroeconomic forecasting technique that estimates the budgetary impact of a change in government policy or expenditure.

PMA Statement on US Supreme Court Opinion on PennEast v. State of NJ

David N. Taylor, President & CEO of the Pennsylvania Manufacturers’ Association issued the following statement regarding the U.S. Supreme Court reversal of an earlier Third U.S. Circuit Court of Appeals decision that prevented the PennEast Pipeline Company from using federal eminent domain to construct a 120-mile pipeline.

The Pennsylvania Manufacturers’ Association, in partnership with the New Jersey Business & Industry Association, filed an amicus brief with the Supreme Court in support of PennEast.