State Budget

The PA Chamber advocates for responsible state budgets that make wise investments and set the Commonwealth on a path toward fiscal prosperity. This largely means battling back against excessive mandates and tax increases on the employer community, enabling them to invest, hire and grow.

Governor’s Pandemic Budget Proposal Includes Sharp Spending Increase; Policies That Will Increase the Cost of Doing Business in Pennsylvania

There’s no question that the COVID-19 pandemic has created numerous challenges around the globe. Pennsylvania is continuing to feel the economic repercussions that have resulted from various mitigation orders put in place in an effort to combat the spread of the disease. The state is currently facing a $2.5 billion deficit and continues to see high unemployment rates. As we approach the one year mark of the virus’s first appearance in the Commonwealth, businesses across a wide range of industries continue to struggle. Unfortunately, many of the proposals included in Gov. Tom Wolf’s 2021-22 budget plan would increase employer tax burdens and mandates – which will only add to the challenges that job creators are facing.

The governor’s $37.87 billion budget proposal is an aggressive 11 percent increase in spending – paid for via tax hikes and business mandates that he has introduced and failed to gain legislative approval for in the past. These policies – which include a $15 an hour mandated minimum wage increase; an additional tax on the natural gas industry; and a nearly 50 percent increase to the Personal Income Tax – will increase the cost of doing business in Pennsylvania and make the Commonwealth less competitive overall. Additionally, the governor has again tied a much needed reduction in the state’s Corporate Net Income Tax – which is one of the nation’s highest – to the implementation of mandatory unitary combined reporting; which will further complicate the state’s Tax Code and add cost burdens on Pennsylvania’s job creators. Instead of providing a bold vision for how the Commonwealth can move forward from these challenging times, the Wolf administration has fallen back on repeated government tax and spend proposals.

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Gene Barr: Pro-growth policies will move Pa.’s economy forward

Gene Barr: Pro-growth policies will move Pa.’s economy forward

Feb 15, 2021 | Pittsburgh Tribune-Review

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Governor Wolf’s budget: Good or bad for business? The PA Chamber weighs-in.

Governor Wolf’s budget: Good or bad for business? The PA Chamber weighs-in.

Feb 11, 2021 | Pennsylvania Business Report

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Wolf’s budget and tax strategy gets a chilly reception

Wolf’s budget and tax strategy gets a chilly reception

Feb 3, 2021 | Pennsylvania Business Report

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PA Chamber: Pro-Growth Policies are the Answer to Moving  Pennsylvania’s Economy Forward

PA Chamber: Pro-Growth Policies are the Answer to Moving Pennsylvania’s Economy Forward

Feb 3, 2021 | Tricia Harris

Pennsylvania Chamber of Business and Industry President and CEO Gene Barr issued the following statement in response to Gov. Tom Wolf’s 2021-22 budget proposal:

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