Shapiro’s business tax cut proposal comes with costly strings

Published February 18, 2025 1:03pm ET



(The Center Squre) – As part of his newest budget proposal, Gov. Josh Shapiro suggested accelerating an ongoing reduction of Pennsylvania’s corporate net income tax. While that sounds like a good idea for the state’s economy, it appears to come with some strings attached – ones that likely won’t sit well with many of the state’s businesses.

“During my campaign, I heard from the Chamber [of Business and Industry] and countless businesses across Pennsylvania who wanted to see faster cuts to the corporate net income tax – and that’s exactly what this budget does,” said Shapiro during his Feb. 4 address. “Let’s be more aggressive and speed up these tax cuts by two whole years so that we can compete more effectively and unleash our commonwealth’s full potential.”

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