From Keystone Research Center/Pennsylvania Budget and Policy Center (https://krc-pbpc.org/):
The PA House of Representatives recently put the interests of the billionaire and millionaire owners of corporations over the interests of the working people of our state. They passed House Bill 1960, which reduces corporate tax rates in Pennsylvania but does not eliminate loopholes that allow wealthy multi-national corporations to pay no corporate taxes at all.
We need your help to stop this bill in the Senate, or if necessary, encourage Governor Wolf to veto it and both House and Senate members to sustain his veto. Please contact them today at https://www.congressweb.com/PBPC/22/.
For a year, the General Assembly has refused to use billions in federal relief funding – plus the state surplus – to help those who are struggling to afford groceries, gasoline, housing, health care, and other essentials. They have refused to provide support to small, locally owned businesses struggling to stay afloat.
Instead of helping us and our communities, they rushed to give a tax cut to corporations.
Because this bill does not close corporate tax loopholes, HB 1960 will cost the state hundreds of millions of dollars per year. It could reduce state revenues by over $700 million in the fiscal year that begins on July 1, 2023.
Those are funds that should be going to education, housing, child care, and health care—not to the richest Pennsylvanians while we let wealthy, multi-national corporations pay nothing in corporate taxes.
This legislation now moves on to the Senate, and we need you to use this tool to tell legislators to hear you loud and clear: The people of Pennsylvania say NO TO HB 1960 and YES to using the ARP funds to help us!
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