Tag: corporate tax

Republican Lawmaker Want Pennsylvania Corporate Tax Reduced Further

Bradley Vasoli

State representative Dallas Kephart (R-PA-Clearfield) wants to reduce Pennsylvania’s corporate net income tax (CNIT) to four percent by 2025. 

Last year, lawmakers budgeted a gradual decrease in the CNIT from 9.99 percent to 4.99 percent over the coming decade. Before the change, the Keystone State charged corporations the highest state business tax in the U.S., behind New Jersey’s 11.5 percent rate. Now at 8.99 percent, Pennsylvania’s levy is 8.99 percent — the fifth highest. Assuming other states’ rates stay constant, Pennsylvania’s CNIT will end up roughly in the middle in terms of corporate taxes in 2031. 

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Pennsylvania Governor and Business Leaders Celebrate Corporate Tax Reduction

Bradley Vasoli

Pennsylvania business advocates joined Governor Tom Wolf (D) at the York County Economic Alliance on Monday to welcome an upcoming change in tax policy championed by entrepreneurs across the commonwealth.

Via the new budget agreed to this summer by Wolf and the Republican-controlled General Assembly, Pennsylvania will begin a decade-long phased halving of its corporate net income tax (CNIT). Of the forty-four states with a business income tax, the size of the Keystone State’s current 9.99-percent rate is second only to New Jersey’s 11.5-percent tax. Besides these two states, only four others levy top business income tax rates that exceed nine percent.

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Smithsonian’s New FUTURES Exhibit Asks Visitors When We’ll See ‘Single Global Government’

Pennsylvania Daily Star Staff
Bill Nye talks about the new FUTURES exhibit to go in Washington D.C.

The Smithsonian Institution’s new FUTURES exhibit asks attendees when they think we will see a “single global government.”

The global government question appears on a screen inside the exhibit that allows visitors to wave their hands in front of a camera to select an answer to the questions that show up.

“When might there be a single global government?” reads the question.

The answers that someone can choose from include time frames ranging from 10 years to 100 years or never.

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