Pennsylvania House Republicans Hail Bipartisan Vote to Cut Corporate Tax

Pennsylvania Republican lawmakers voiced optimism last week that the commonwealth’s onerous Corporate Net Income Tax (CNIT) might finally soon get reduced, given a recent overwhelming state House vote to do so.

At 9.99 percent, the Keystone State’s CNIT is the second highest in the U.S. A bill by Rep. Joshua Kail (R-Monaca) would reduce the rate to 8.99 percent. His legislation passed the House of Representatives 195-8.

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Socialist Pennsylvania House Members Propose Tax Increase

Socialist members of the Pennsylvania state House of Representatives on Friday proposed a tax increase on net profits, dividends, rental income, copyrights and patents as well as gambling and lottery winnings.

Currently, Pennsylvania’s income-tax rate is 3.07 percent. The plan would raise it to 6.5 percent on the aforementioned items.

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