Sen. Corman on Gov. Wolf’s Plans on Corporate Tax Changes

Harrisburg – Pennsylvania Senate Majority Leader Jake Corman (R-34) issued the following statement following Gov. Wolf’s plans for corporate tax changes:

“While a significant reduction in the corporate net income tax sounds appealing, we cannot really assess Gov. Wolf’s proposal in the vacuum in which it is being presented. We need to see exactly how the $1.25 billion impact on the budget will be offset. 

“At the same time, we support closing loopholes in our system, but proposals such as combined reporting can be problematic and actually unfavorable to our employers. We look forward to receiving and considering an entire package of specifics from the Governor not one idea floated at a time.”

Contact:

Jennifer Kocher – jkocher@pasen.gov