Better Choices Tax Fairness Recommendations Included in Governor Wolf's 2015-16 Budget Proposal
Here is a brief overview of Governor Wolf's proposed 2015-16 budget from the perspective of the tax fairness recommendations that were made by the Better Choices for Pennsylvania Coalition on Wednesday, February 18th. The governor's proposal includes six of the 19 recommendations, and a seventh -- property tax relief -- that is broader than the "circuit breaker" relief program recommended by the Better Choices coalition.
There will more detailed analysis in the coming days and weeks, but here is the initial list of Better Choices for Pennsylvania's tax fairness recommendations that are included in Governor Wolf's 2015-16 budget proposal:
#1 Permanently close most corporate tax loopholes by enacting combined reporting.
#3 Adopt a severance tax comparable to that imposed in West Virginia
#4 Apply the cigarette tax to smokeless products and e-cigarettes.
#5 Fix the bank tax
#13 Expand the Tax Forgiveness Program
#15 Maintain the sales tax exemption for all food items
#16 Create a property tax rebate program for working people (included in a broader form, through the Homestead Exemption program)