State Budget
The Taxpayer Protection Act
Summary Pennsylvania faces a $3.6 billion structural deficit that will force lawmakers to cut spending or increase taxes. State spending growth far outpaces inflation, population growth, and economic growth. This…
Read More: The Taxpayer Protection ActHigh 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.
Prosperity
Commonwealth Foundation Applauds Senate Action to Reduce Corporate Net Income Tax
Harrisburg, Penn. – The Commonwealth Foundation today commended the Pennsylvania Senate’s passage of two bills that would reduce Pennsylvania’s corporate net income (CNI) tax. With the second-highest CNI tax rate in…
Press Release
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Good luck taxing the rich when they’re gone
Originally published in The Philadelphia Inquirer Widespread shortages. Economic tumult. Disappearing businesses. When Ayn Rand released her magnum opus, Atlas Shrugged, in 1957, her critics considered it a work…
Media Hit
Read More: Good luck taxing the rich when they’re goneProsperity
Inflation’s cause? It’s the spending, stupid.
Originally published in The Patriot-News Voters, nationally and within Pennsylvania, consistently rank inflation as their top concern. It’s no surprise. Consumer prices have jumped 8.3 percent in…
Media Hit
Read More: Inflation’s cause? It’s the spending, stupid.Prosperity
Stagnant Pennsylvania Economy Requires Real Business-Tax Reform
Originally published at RealClearPolicy In his final annual budget address, Pennsylvania governor Tom Wolf proposed a major reduction in the state’s corporate income tax. Wolf’s tax-cut plan may come…
Media Hit
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MI and PA Lockdowns Show the High Price of Government Overreach
Originally published at RealClearHealth It’s official, COVID-19 is no longer a crisis. According to a recent Axios poll, only nine percent of Americans believe COVID is a serious crisis.
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The tax holiday is a bait-and-switch as a fiscal crisis looms
Originally published at The Patriot-News Just as inflation reached a 40-year high, Russia’s invasion of Ukraine deepens the high food and gas price shock to U.S. consumers—to Pennsylvanians.
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Read More: The tax holiday is a bait-and-switch as a fiscal crisis loomsProsperity
Two-Year Anniversary of Gov. Wolf’s Shutdown
March 18, 2022, Harrisburg, Pa. — This weekend marks two years since Gov. Tom Wolf’s arbitrary, unilateral shutdown of Pennsylvania’s “non-life-sustaining” businesses. On March 19, 2020,…
Press Release
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Jennifer Stefano Discusses Business and Market Headlines on Newsmax
Executive Vice President of the Commonwealth Foundation Jennifer Stefano joined Newsmax on March 7, 2022 to discuss the latest business and market headlines.
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Jennifer Stefano on Newsmax 3.7.2022
Executive Vice President of the Commonwealth Foundation Jennifer Stefano joined Newsmax in the 8:00 A.M. hour to talk about Russia, Ukraine, and the economic impact of the conflict.
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A Brief History of Gov. Tom Wolf’s Tax Hike Proposals
Key Points Wolf proposed or supported 14 tax hike proposals. Twelve were stopped.Wolf’s proposals contained 52 individual tax increases.If Wolf’s first and most expansive tax proposal had come to fruition,…
Fact Sheet
Read More: A Brief History of Gov. Tom Wolf’s Tax Hike ProposalsProsperity
Taxpayer Protection Act: Facts & Myths
Summary The Taxpayer Protection Act (TPA) controls the growth of state spending by tying budget increases to the average rate of inflation and population growth. Moreover, the TPA requires a…
Fact Sheet
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Examining Wolf’s revisionist history
Originally printed in the Pittsburgh Post-Gazette What will Pennsylvanians remember about Gov. Tom Wolf? This is his final year in office, and Mr. Wolf’s original priorities remain mostly…
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Commonwealth Foundation Executive Vice President Jennifer Stefano on Newsmax
Commonwealth Foundation Executive Vice President Jennifer Stefano discusses the economic effect of rising gas prices in February.
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Read More: Commonwealth Foundation Executive Vice President Jennifer Stefano on NewsmaxProsperity
Jennifer Stefano on Wake Up America on Newsmax
Commonwealth Foundation’s Executive Vice President Jennifer Stefano joins Newsmax to discuss the state of the American economy.SHOW MORE…
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Pennsylvania’s Population Problems
The Problem New data[1] from the United States Census Bureau shows Pennsylvania’s population problems remain: Pennsylvania’s population decreased by 25,000 from July 2020 to July 2021. Natural population…
Fact Sheet
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How Government Overspending Hurts Pennsylvania Families
Key Points Excessive government spending and borrowing is causing record-setting inflation and severe supply chain shortages.Voters want fiscal restraint from their government.High taxes and spending are making Pennsylvania uncompetitive, costing…
Backgrounder
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Jennifer Stefano on Wake Up America on Newsmax 1.30.2022
Commonwealth Foundation’s Executive Vice President Jennifer Stefano joins the “Money Men” on Newsmax to discuss the stock market in 2022.
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Jennifer Stefano on Wake Up America on Newsmax 1.30.2022
Commonwealth Foundation’s Executive Vice President Jennifer Stefano discusses the airline industry’s struggles with vaccine mandates.
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Jennifer Stefano on Wake Up America on Newsmax 1.29.2022
Commonwealth Foundation’s Executive Vice President Jennifer Stefano discusses President Biden’s meeting with business leaders over his progressive agenda.
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Read More: Jennifer Stefano on Wake Up America on Newsmax 1.29.2022Prosperity
Op-Ed: Pa.’s out-of-control spending is driving away residents
Originally published in the Pittsiburgh Tribune-Review Gov. Tom Wolf recently declared 2022 a “magical year” for the Pennsylvania budget, citing the possibility of a surplus. However, Pennsylvania’s Independent Fiscal…
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Read More: Op-Ed: Pa.’s out-of-control spending is driving away residentsCriminal Justice Reform
Why Pennsylvania Needs Probation Reform
Pennsylvania has an overburdened probation system that delivers substandard results. The commonwealth’s recidivism rate is 41 percent—one of the highest in the nation.
Backgrounder
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