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Taxes
The state’s new budget pays off $42 million in debt, but backers say a bigger policy change is needed to prepare the system for future downturns.
2 years ago
Yellen believes U.S. will get on board with global minimum corporate tax — eventually
Treasury Secretary Janet Yellen is wrapping up a weeklong trip to the Indo-Pacific, her first since taking over the role.
2 years ago
New Pa. budget injects $125M into private school tax credit program that lacks basic accountability
A lack of transparency baked into state law makes it impossible to determine whether the program is actually improving outcomes for students who receive tuition assistance.
2 years ago
Pa. has a new child care tax credit. Here’s what you need to know
People who care for two or more dependents will be able to claim up to $6,000 in child care expenses starting next year.
2 years ago
Who benefits from N.J.’s back-to-school sales tax holiday?
New Jersey officials tout that a sales tax holiday for back-to-school will benefit families. Experts are slightly more muted on how it will play out in practice.
2 years ago
Philly City Council sends budget, property tax relief to Mayor Kenney’s desk
The budget includes no tax hikes, steps to ease the tax burden of rising property valuations, and a spending increase for violence prevention measures.
2 years ago
Biden wants a gas tax holiday. Some economists say that’s a bad idea
Biden wants Congress to give people a break on the federal gas tax for the summer. But economists say that won't translate into big savings at the pump.
2 years ago
Biden says decision on gas tax holiday may come this week
President Joe Biden says he’s considering a federal holiday on the gasoline tax. That could possibly save U.S. consumers as much as 18.4 cents a gallon.
2 years ago
The bipartisan push to cut corporate taxes in Pennsylvania, explained
Pennsylvania levies a 9.99% tax on corporate net income, the second-highest rate in the country.
2 years ago
Philly City Council reaches deal on budget with property and wage tax relief
Budget negotiations were fraught with concerns over steep increases in property valuations that threatened big tax hikes for many Philly homeowners.
2 years ago
N.J. Democrats announce property tax relief, GOP to seek vote on rebate
Homeowners making less than $150,000 will receive a tax credit of $1,500, while those making $150,000 to $250,000 will receive a tax credit of $1,000.
2 years ago
Lawmakers slash proposal to nearly double property tax credit for Delaware seniors
GOP Rep. Kevin Hensley said the state’s nearly $700 million budget surplus warranted a larger credit. Dems who control the budget-writing panel thought otherwise.
2 years ago
These tax relief bills must pass amid Philly property reassessments
Community Legal Services breaks down a package of bills that aim to lessen the burden for Philly homeowners after residential property values went up by an average of 31%.
2 years ago
Some N.J. gas stations lower price to demonstrate self-serve savings at the pump
More than 75 gas stations throughout the state demonstrate how much money motorists can save, if the legislature passes a bill permitting self-serve gas.
2 years ago
Philly City Council considering measures to ease impact of new property assessments
Values for residential properties went up by an average of 31% compared to the last assessments in 2019, burdening homeowners across the city.
2 years ago