State Budget
Pennsylvanians Are in Dire Need of Tax Reform
Originally published by RealClearPennsylvania. Today is Tax Day. Each year, April 15th reminds us of the costliness of government spending – and why lawmakers must reduce this financial burden on…
Read More: Pennsylvanians Are in Dire Need of Tax ReformHigh taxes make for a slow-growing economy. And communities feel the pinch of high taxes as more and more native Pennsylvanians leave the Keystone State to prosper elsewhere. To remain economically competitive, Pennsylvania must lower state taxes and ensure businesses have the opportunity to succeed. Lower taxes will incentivize more individuals to call Pennsylvania their home, ultimately spurring our statewide economy forward.
Taxes & Economy
That’s our General Assembly
With a budget deficit and possible tax increase looming, federal denial of I-80 tolling opening up a gap in transportation funding (and the Turnpike Commission borrowing against future…
Media
Read More: That’s our General AssemblyTaxes & Economy
Free market groups opposing bailout
A coalition of 27 organizations, including the Commonwealth Foundation, have signed on to an open letter to US Senators put together by NTU in opposition to the $700…
Media
Read More: Free market groups opposing bailoutState Budget
PA Budget Deficit Growing
The latest Pennsylvania Revenue Department report indicates that collections were $160 million below estimates in September, and $280 million below for the fiscal year which began in July.
Media
Read More: PA Budget Deficit GrowingState Budget
Reduce Spending Now, or Increase Taxes Later
$281 million budget shortfall puts taxpayers at risk HARRISBURG, PA — The Commonwealth Foundation renewed its call for Governor Rendell and the General Assembly to take action to prevent a…
Press Release
Read More: Reduce Spending Now, or Increase Taxes LaterRegulation
Convention Center no economic savior
Post-Gazette looks at the failure of the $373 million Pittsburgh convention center to create an economic boom – or even to outdraw the old convention center (HT: Grassroots…
Media
Read More: Convention Center no economic saviorTaxes & Economy
Not facing a Great Depression
Here are a couple of good articles on the bailout (and the rhetoric in favor of it) by Cato scholars. Alan Reynolds writes that “saying we’re in for another…
Media
Read More: Not facing a Great DepressionTaxes & Economy
Never mind the Commission behind the curtain
Our news release today, What Will the General Assembly Do?, focuses on the need to consider the consequences of failing to act on the $12.8 billion bid to lease…
Media
Read More: Never mind the Commission behind the curtainHealth Care
Converting Medicaid into Premium Assistance
The Heritage Foundation has a new backgrounder (click here for PDF) on how states can convert Medicaid spending into premium assistance for insurance – a proposal which would…
Media
Read More: Converting Medicaid into Premium AssistanceHealth Care
Bailing Out Massachusetts
The Foundry Blog of the Heritage Foundation has discovered that the federal government will “bail out” Massachusetts troubled health care plan (e.g. RomneyCare) with a $4.2 billion increase…
Media
Read More: Bailing Out MassachusettsTaxes & Economy
Root causes of the financial “crisis”
I attended a conference late last week feature a number of economists, and was surprised to discover a great deal of disagreement about what caused the “crisis” in the financial…
Media
Read More: Root causes of the financial “crisis”Government Accountability
Perzel’s Parking Authority
Here is a funny video in which “Manatee” declares his desire to run the Philadelphia Parking Authority, so that he can work as little as possible, hire all his…
Media
Read More: Perzel’s Parking AuthorityTaxes & Economy
Bailout Fails
In case you missed it, the vote on the bailout failed. GrassrootsPA has the PA Delegation Bailout Vote. The Club for Growth blog has a lot more on…
Media
Read More: Bailout FailsTaxes & Economy
Property Taxes by State and by County
The Tax Foundation has a new analysis of property taxes by state and by county. The state data shows that Pennsylvania ranks 15th in median property taxes ($2,159),…
Media
Read More: Property Taxes by State and by CountyTaxes & Economy
No immediate fiscal crisis?
The Pittsburgh Tribune-Review reports on the drop in transportation funding due to the rejection of the Turnpike Commission’s I-80 tolling plan. Under Act 44, the Turnpike Commission will borrow…
Media
Read More: No immediate fiscal crisis?Taxes & Economy
Bailout Updates
Bill Text Side-by-Side Comparisons CNN Summary Sales Pitch Summary Boehner’s Sales Pitch Bush’s Sales Pitch WSJ Summary Rep. Mike Pence: “Republicans…
Media
Read More: Bailout UpdatesTaxes & Economy
Will rejectors regret inaction on turnpike?
Morning Call editorial blasts lawmakers for failing to even consider a lease deal: Once again, the small-idea, under-achieving Pennsylvania Legislature has let down the people they serve. The…
Media
Read More: Will rejectors regret inaction on turnpike?Taxes & Economy
The case Barlett hasn’t made
Bruce Bartlett attempts to justify the bailout (“The case Bush hasn’t made”) by explaining that the financial sector is different than other sectors, that a collapse in the financial…
Media
Read More: The case Barlett hasn’t madeTaxes & Economy
Bailout Bandwagon – The Rendell Plan
As hope for the proposed Turnpike Lease dwindles, Pennsylvania Governor Ed Rendell is asking Congress to add $100 billion in transportation money to the $700 billion bailout deal.
Media
Read More: Bailout Bandwagon – The Rendell PlanTaxes & Economy
Free Market Alternatives to the Bailout
Pat Toomey of the Club for Growth hosted a conference a call to discuss the economics of the proposed bailout. Toomey commented that the financial market does not seem…
Media
Read More: Free Market Alternatives to the BailoutTaxes & Economy
$12.8B lease opportunity is all but lost
The opportunity to plug a massive transportation funding gap will be lost because of legislative inaction. Although Gov. Rendell plans to try to revive the turnpike lease in 2009, one…
Media
Read More: $12.8B lease opportunity is all but lostTaxes & Economy
Turnpike Lease Bid expiring – what now?
With the Turnpike lease bid expiring – and indications are there will be no extension of the $12.8 billion bid – both Governor Rendell and some lawmakers have…
Media
Read More: Turnpike Lease Bid expiring – what now?