Regulation
Reducing the State’s Cash Stockpile Can Help Balance the Budget
Lawmakers considering balancing the budget with borrowing and higher taxes could opt for a responsible alternative: drawing down funds from the shadow budget's “banking accounts.” But first, let’s take a…
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Tax Hikes Won’t Prevent Credit Downgrades
In July, S&P placed Pennsylvania on a negative credit watch, citing budget uncertainties. The move signaled a potential credit rating downgrade for Pennsylvania, which Governor Wolf is using to push for higher taxes.
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Could Gas Go the Way of Foxconn?
One company’s decision not to locate in Pennsylvania foreshadows the migration in capital and jobs the commonwealth would suffer under a higher gas tax. Wisconsin Governor Scott…
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Can Other Funds Help Balance the State Budget?
The total operating budget for the state exceeds $80 billion. In addition to the $32 billion General Fund, the “shadow budget” includes: $28.7 billion in federal funds, $4.7 billion in…
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The Fizz Tax Is on the Fritz
Philadelphia’s soda tax was the final blow to the Orlando family’s nearly 70-year-old bakery. The business closed earlier this month following a steep decline in sales after the soda…
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Infographic: What Will They Tax Next?
The Washington Observer-Reporter recently editorialized on the tax hikes in the Senate-passed revenue plan, answering questions all Pennsylvanians should be asking themselves: Do you heat your house with…
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More Evidence Minimum Wage Increase = Job Loss
Montgomery County, Maryland failed to increase the minimum wage from $11.50 to $15 per hour after County Executive Isiah Leggett vetoed the measure. He called for an objective study to…
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Parents, Children, and Lawmakers Celebrate Education Savings Accounts
Dozens of parents, children, and educational choice advocates packed the Joshua Learning Center in Harrisburg to rally for education savings accounts (ESAs). Sen. John DiSanto's soon-to-be released legislation,…
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State Borrowing the Result of Overspending
Yesterday, the Pennsylvania State Treasurer and Auditor General approved a short term “STIP” loan to cover cash flow. For reference, you can see the GF balance on the…
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