Senate Republicans are advancing a proposal that would return the state's personal income tax back to 2003 levels and eliminate a 140-year-old tax.
Senate Republicans are proposing a historic tax cut for Pennsylvanians that includes taking the personal income tax back to 2003 levels and one that will lower electric bills.
Senate Majority Leader Joe Pittman, R-Indiana, said Pennsylvanians would save an estimated combined $1.7 billion from the personal income tax cut and $1.2 billion from the elimination of the tax on electricity. “There’s been a lot of discussion about $3 billion of additional spending. Our point of view is if we’re going to invest $3 billion, we should invest it back into the taxpayers,” Pittman said. “We fundamentally believe when you allow taxpayers and consumers of electricity to keep more of what they earn that they are best decide how to reinvest that into our economy. We believe lower tax structures help further grow an economy and in this case we would be lifting all boats.
Joe-Pittman Personal-Income-Tax Gross-Receipts-Tax-Electricity Pa-Budget-2024
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Polls Show Mike Johnson’s Betrayals Have Fueled Historic Approval Plummeting Among Republicans, Surge Among DemocratsSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Texas Republicans urge Senate Democrats to give Mayorkas a full impeachment trialTwo Texans are among 11 House impeachment managers initiating a trial of the Homeland Security secretary in the Senate.
Read more »
Texas Republicans urge Senate Democrats to give Mayorkas a full impeachment trialTwo Texans are among 11 House impeachment managers initiating a trial of the Homeland Security secretary in the Senate.
Read more »
Leonard Leo subpoena from Democrats is unlawful, Senate Republicans saySenate Republicans said a subpoena from Democrats to conservative activist Leonard Leo is invalid and unenforceable.
Read more »
Both Republicans and Democrats call for changes to tackle crypto-related illicit financing during Senate hearingA Senate hearing focused on illicit finance and terrorism provided a glimpse into how lawmakers plan to shape potential digital asset legislation.
Read more »
House Republicans' campaign arm pressures Democrats to call on indicted Rep. Henry Cuellar to resignThe campaign arm of House Republicans urged Democrats Monday to call on indicted Rep. Henry Cuellar to resign, just like Democrats pushed the GOP to oust former Rep. George Santos over criminal charges.
Read more »