“Shark Tank” star Mark Cuban claimed Thursday that Vice President Kamala Harris was a moderate, citing her recent campaign proposals on tax policy during a CNBC phone interview.
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President Biden’s 2025 budget proposal provides a salient reminder that he is no moderate, despite his attempts to position himself as one.
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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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