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.

Corporate Net Income Tax Reduction Proposal is a Win for Pennsylvania Businesses

Gov. Tom Wolf’s 2022-23 state budget proposal comes at a time of relatively positive fiscal conditions, with higher than anticipated revenue collections and billions of dollars in unspent coronavirus relief funding, which are expected to facilitate smoother budget negotiations. The $43.7 billion proposed spending plan is an aggressive double-digit increase over the 2021-22 enacted budget. The proposal includes $11.6 billion for K-12 public education funding – a $1.55 billion increase. The proposal included no broad-based tax increases, and for the first time in eight years, no additional tax on the natural gas industry.

Gov. Wolf’s budget proposal includes reducing the Corporate Net Income (CNI) tax rate – the PA Chamber’s top priority – from 9.99 percent to 7.99 percent on Jan. 1, 2023, with a reduction to 6.99 percent in tax year 2026 on a path to 4.99 percent. However, employers have expressed concern with the proposal’s subjective expansion of the state’s taxing authority, citing the need for clear, predictable standards for employers to follow.

Gov. Wolf proposes major spending increase in final budget proposal

February 08, 2022 | Pennsylvania Business Report
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PA Must Prioritize the Economy in State Budget

February 08, 2022 | Leslie Gervasio

HARRISBURG – Pennsylvania Chamber of Business and Industry President and CEO Gene Barr issued the following statement in response to Gov. Tom Wolf’s 2022-23 budget proposal.   “Governor Wolf’s final budget proposal comes at a time when higher than anticipated revenue collections and an influx of billions of dollars in unspent coronavirus relief funding should be […]

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Reducing the Corporate Net Income Tax is a Win for Pennsylvania Businesses

February 08, 2022 | Leslie Gervasio

HARRISBURG – The PA Chamber of Business and Industry, The Chamber of Commerce for Greater Philadelphia, and The Greater Pittsburgh Chamber of Commerce, an affiliate of the Allegheny Conference, today applauded Gov. Tom Wolf’s call to reduce the state’s Corporate Net Income Tax rate, our organizations’ top policy priority. The business community has long advocated for […]

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

February 15, 2021 | Pittsburgh Tribune-Review
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PA Chamber: Pro-Growth Policies are the Answer to Moving Pennsylvania’s Economy Forward

February 03, 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: “The governor’s budget proposal this year comes at a hard time for everyone. The pandemic has brought the Commonwealth to a crossroads.  For months, job creators have been forced to adapt […]

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Wolf’s budget and tax strategy gets a chilly reception

February 03, 2021 | Pennsylvania Business Report
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