(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.”
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
Already a member? Log in
