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.
On June 22, 2018, Gov. Wolf signed the 2018-19 budget into law – marking the first time in more than three years that the Commonwealth started the new fiscal year with an enacted spending plan in place. With state revenues on an upswing, the four legislative caucuses and the Wolf administration were able to come to an agreement on a $32.7 billion budget that increased spending by 2 percent over the previous fiscal year. Notably, the final plan did not include any tax increases – despite calls for an additional tax on the natural gas industry – which the PA Chamber continues to lead a coalition against because it will negatively impact the Commonwealth’s economic climate.
Pennsylvania Chamber of Business and Industry President and CEO Gene Barr issued the following statement today regarding the Wolf administration’s proposal to enact an additional tax on the natural gas industry:
Pennsylvania Chamber of Business and Industry President and CEO Gene Barr issued the following statement in regard to Gov. Tom Wolf’s 2018-19 budget address:
As the nation’s economic climate steadily improves, employers are increasingly optimistic about the state of business in the Commonwealth, as well as projections for future growth in sales and hiring. However, their ability to offer healthcare to their workforce due to persistent uncertainty and rising costs in the market continue to be a chief concern. These indicators are among the responses from the PA Chamber’s 27th Annual Economic Survey, which was conducted in August 2017 by Susquehanna Polling and Research.
Raising concerns regarding the impact a proposed revenue package would have on the Commonwealth’s overall economy and competitive edge, a coalition of business leaders representing a wide variety of industry sectors across the Commonwealth today held a media call to urge the state House to oppose H.B. 542 – the Tax Code bill. The legislation – which narrowly passed the Senate in recent weeks – would increase taxes on Pennsylvania job creators and residents by $600 million annually. The proposal includes a number of tax increases that will significantly raise energy costs for both residential and commercial users – including a new gross receipts tax on natural gas users, an increase to the gross receipts tax on electric users and a severance tax on natural gas.
Pennsylvania Chamber of Business and Industry President and CEO Gene Barr issued the following statement in regard to the Senate’s passage of a revenue package for the 2017-18 Fiscal Year. House Bill 542 – which includes a number of tax increases on Pennsylvania residents and business owners – will have far-reaching, negative impacts on the state’s economic climate and competitive edge.
With the Commonwealth’s economy predicted to remain in a slow-growth pattern going into the next fiscal year, leaders from Pennsylvania’s business and banking communities gathered today at the 5th Annual Economic Forecast Summit to gain insight about upcoming economic trends at the state and national level. This annual event – which is presented by the PA Chamber Education Foundation and the Pennsylvania Bankers Association – brings together some of the nation’s most respected economic forecasters and leadership experts.
Pennsylvania Chamber of Business and Industry President and CEO Gene Barr issued the following statement in regard to Gov. Tom Wolf’s 2017-18 budget address:
Within Pennsylvania’s borders are a diverse and vibrant collection of communities where employers set up shop, residents raise families and tourists come to visit. The success of our Commonwealth is directly tied to the strength of its communities and public policy should help communities thrive.
Pennsylvania’s labyrinthine system of local governments is not conducive to strengthening economic competitiveness. The Commonwealth is comprised of 67 counties, 56 cities, 958 boroughs, 1 town (Bloomsburg), 1,547 townships, 500 school districts and 1,961 authorities. Keeping government “close to the people” is certainly an important principle, but too many small governments with diminished capacities, inadequate resources, and limited economic wherewithal do not help advance economic development and job growth within communities. The PA Chamber believes that cooperation among counties and municipalities is part of what is needed to foster more functional and effective local government.
Moreover, the financial wellbeing of many Pennsylvania municipal governments is often harmed by antiquated and unbalanced state laws and regulations, which may necessitate higher costs and inefficient spending. Ultimately, these costs are borne by Pennsylvania residents and businesses, many of whom now live and operate in financially distressed communities. The PA Chamber supports efforts and legislation to help ease the financial burden municipalities face.
Municipal sustainability can be effectuated by: