Budget Secretary Puts Corporate Tax Cuts on the Table?

A quote from Pennsylvania Budget Secretary Charles Zogby suggests that the administration may be open to slowing down the long-planned elimination of the state capital stock and franchise tax because of lagging state revenue.  On Saturday, May 11th, Marc Levy of the Associated press quoted Secretary Zogby as saying, ""I think whether we can afford to continue the phaseout is something we're going to have to examine."  The article suggested that Pennsylvania's Republican-led legislature and administration may be choosing to limit corporate tax cuts rather than cut schools and health care: "Top Republicans are sensitive to the idea [of preventing more cuts in spending] after two years of squeezing education, social services and health care."

Link to the full article.