Bipartisan push to cut corporate taxes in Pa., explained
HARRISBURG — Amid budget negotiations, Democratic Gov. Tom Wolf and legislative Republicans are weighing a major tax cut on Pennsylvania corporations.
The state levies a 9.99% tax on corporate net income, the second-highest rate in the country.
Cutting that tax has become a rare area of bipartisan agreement between the Republican-controlled General Assembly and Wolf, a former businessman.
But exactly how much to lower the rate and how quickly is the subject of debate. Below we explain Pennsylvania’s corporate net income tax and break down the arguments for and against lowering it:
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