(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.”
