Dollars to Delaware

From the Pennsylvania Budget and Policy Center

Most states with corporate income taxes have taken steps to close tax loopholes. The Patriot-News recently editorialized that Pennsylvania should do the same in a piece aptly titled "Nix the free pass."

Representatives Dave Reed (R-Indiana) and Eugene DePasquale (D-York) have proposed legislation aimed at closing loopholes used by multi-state corporations to shift income earned in Pennsylvania to low- and no-tax states, like Delaware. It is important that they have acknowledged that the Delaware Loophole promotes an unfair and unbalanced business climate.

However, as PBPC explains in a new policy brief, the Reed-DePasquale bill needs to be strengthened to truly close the tax loopholes that are robbing Pennsylvania schools, colleges, health care providers and other vital services of millions of dollars each year.

Learn More About the Budget

If you missed our Pennsylvania Budget Summit in February, you can now watch video of the main sessions at the web site of the Pennsylvania Cable Network (PCN). More resources from the Budget Summit are also available at our web site.

And if you live in the Philadelphia area, join us this Friday for the Southeastern Pennsylvania Budget Summit. Learn more about the state budget and what it means for people living in the Southeast. The Summit will be held from 9 a.m. to 11:30 a.m. on Friday, March 16 at the United Way of Southeastern Pennsylvania, 1709 Benjamin Franklin Parkway, Philadelphia. Learn more here and click here to let us know if you plan to be there.