Category: Politics

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What the Infrastructure Bill Does for Pennsylvania

  By Infrastructure, PA Budget and Policy Center, PBPC Blog posts, Pennsylvania

Under the formulas contained in the bill, the Infrastructure Investment and Jobs Act will bring $17.8 billion in new spending to Pennsylvania or over $1,400 for each resident of the state. (The state will be able to apply for additional funds as well that could bring the total of spending in Pennsylvania up to $50 billion.) Funds will be allocated roughly as follows: Roads and bridges. Based on the formula alone, Pennsylvania will receive $11.3 billion for federal-aid apportioned highway programs and $1.6 billion for bridge replacement and repairs. Pennsylvania can also compete for funds under the $12.5-billion Bridge Investment Program for economically significant bridges as well as for the $16 billion dedicated for major projects that will deliver substantial economic benefits to communities. These funds are critical. Our state has 3,353 bridges and more than 7,540 miles of highway in poor condition. Since 2011, commute times have increased by… Continue reading

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The “Billionaire Tax”: What It Is and Why We Need It

  By Billionaire tax, Federal Taxes, PA Budget and Policy Center, PBPC Blog posts, Taxation, Uncategorized, US

UPDATE: Senator Ron Wyden has released his “Billionaires Income Tax” legislation—read the language of the bill here:  https://www.finance.senate.gov/imo/media/doc/Billionaires%20Income%20Tax.pdf. As negotiations between President Biden and House and Senate members over the Build Back Better plan have developed in the last few weeks, a new tax proposal to fund the close to $2 billion investment in health care, child care, paid family leave, climate change, and other programs, has come to the fore: a “billionaire tax.” While Senator Wyden and others have been discussing this proposal for some time, it is a relatively unknown concept and would be a new form of federal taxation. Here we briefly explain what it is and why it is an excellent idea. The new proposal is to tax the increased wealth of the richest Americans each year. The tax would apply immediately to tradeable assets—stocks, bonds, mutual funds, and derivatives—where the value of the asset is… Continue reading

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MEMO: The Corporate Profits Minimum Tax and Why We Need It

  By Corporate Taxes, Federal Taxes, Taxation, US

Democrats are set to introduce a 15% corporate minimum tax as a funding mechanism for the Build Back Better plan. The Corporate Profits Minimum Tax legislation would ensure that roughly 200 corporations that report more than $1 billion in profits to shareholders pay at least a 15% tax rate on those gigantic profits. It would stop giant, profitable corporations, such as Amazon, Bank of America, FedEx, General Motors, Netflix, and Nike, from escaping all federal taxes. These corporations and others like them make huge profits that they report to their stockholders in filings required by the federal government. But they take advantage of multiple tax loopholes to avoid paying federal corporate income taxes. This new tax would raise roughly $200 billion to $300 billion dollars over ten years. These revenues would enable the federal government to make new investments in helping families with children, health care, child care, elder care,… Continue reading

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Build Back Better: A Transformative Plan for 21st-Century America

  By Economic Development, Economic Justice, Education, Energy, Infrastructure, PA Budget and Policy Center, Statements, Taxation, US

President Biden’s Build Back Better framework is an unprecedented and transformative plan to better the lives of all Americans—Black, brown, and white; those with low, moderate, or high incomes; the youngest children and the oldest seniors. It will help families care for children while making quality pre-K available to all 3- and 4-year-olds. It will create hundreds of thousands of good jobs, many in unionized trades and clean manufacturing while drastically cutting greenhouse gases and reducing energy costs for every household. It will reduce the cost of health care and housing for millions. And it will make college education more affordable, boosting the future prospects of our young people and our economy as a whole. It will be paid for by new taxes on the largest, most profitable corporations and the wealthiest Americans while cutting taxes for working people—all while reducing the deficit. The legislative process in America is always… Continue reading

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This Is How (and How Many) Pennsylvanians Are Helped by the Build Back Better Plan

  By Economic Development, Economic Justice, Health Care, PA Budget and Policy Center, PBPC Blog posts, Taxation, US

Updated November 18, 2021. President Biden’s Build Back Better plan is an unprecedented and transformative plan to better the lives of all Americans—Black, brown, and white; those with low, moderate, or high incomes; the youngest children and the oldest seniors. We have given an overview of the whole program—but here we want to focus on the many ways Pennsylvanians will be touched by the Build Back Better plan. These preliminary estimates of the numbers of Pennsylvanians who will benefit from Build Back Better are from official government sources. Soon, we will be updating them with additional and more detailed estimates from policy analysts outside government. How the Build Back Better plan helps Pennsylvania’s children and families Provides access to affordable child care. Child care is a huge burden for families in our state. The annual average cost of sending a young child to a child care center in Pennsylvania is… Continue reading

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The Prospects for Progress in DC

  By Economic Justice, PBPC Blog posts, US

News stories from Washington, D.C., are beginning to remind us of a melodrama with one cliffhanger after another—and they got worse after Speaker Pelosi decided not to hold a vote on the infrastructure bill last night. The key question appears to be: “will division between progressives and moderates in the Democratic party” be overcome so they can pass a reconciliation bill, an infrastructure bill, and an increase in the debt limit? Drama is almost always a part of major policy change, and cliffhangers sell newspapers and generate clicks on the Web. But looking forward, it seems clear that much of this daily drama is hysterical. In fact, I’m going to go out on a limb and say that President Biden and the Democrats in Congress are going to do all of these things within the next week or two. Why do I believe this? First, as a recent poll by… Continue reading

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We The People – PA Statement on Senate Intergovernmental Operations Committee Actions

  By Democracy, Elections and Voting, We The People–PA

Harrisburg, PA — the following is a statement from Marc Stier, director of the PA Budget and Policy Center and chair of the We The People PA campaign. Pennsylvania Senate Republicans are unwilling to address the problems of working people while small businesses and families all over the Commonwealth are still suffering from the effects of a COVID-19 pandemic that has recently become more serious due to the Delta variant of the virus. They have no plans to spend the $7.5 billion of our tax dollars in state bank accounts to help citizens, yet they do have time to continue to spread Donald Trump’s lies and misstatements about the 2020 election under the guise of conducting an utterly unnecessary and duplicative “forensic audit” of it. The latest example of this effort was a decision today, on a 7-4 party-line vote, to issue subpoenas to secure more information about which Pennsylvanians voted and how they voted in recent… Continue reading

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On HB 1596: The Constitutional Amendment Grab-Bag Bill

  By Democracy, Elections and Voting, PA Budget and Policy Center, Policy briefs

House Bill 1596 is a grab-bag of proposed amendments to the PA Constitution. Many of them are will suppress voting in Pennsylvania and compromise the fairness of our elections. To read full screen or print click here. Continue reading

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On the Senate Intergovernmental Operations Committee Hearing on the 2020 Election

  By Democracy, Elections and Voting, PA Budget and Policy Center, Statements

Rather than address the needs of Pennsylvania workers, small business owners, and families still suffering from the effect of the pandemic, the Republican-led Pennsylvania Senate begins yet another round of hearings about the 2020 election today—an election that most Pennsylvanians believe was settled in January. It is important to put this hearing in its proper context. We offer six observations. First, Senator Dush, the chair of the committee, and Senator Corman, the Senate president pro-tempore, have repeatedly said that these hearings are a response to doubts about the probity of the 2020 election. They fail to add is that those doubts have been stirred up again and again by Republican leaders, starting with former President Trump and his disgraced lawyer, Rudolph Giuliani, and continuing with Republican members of the U.S. House and Pennsylvania House and Senate who have repeated falsehoods that have been discredited by fact-checkers and by both state… Continue reading

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PA Republican Logic: Reject The Needs of Pennsylvanians and Democracy As Well

  By PA Budget and Policy Center, PBPC Blog posts, Pennsylvania, Politics

Flush with $10 billion in $7.3 billion in federal funds and a $3-billion, current-year surplus—all of which comes from our taxes—the Republican majority enacted a budget that neither provides much relief from the pandemic nor includes public investments to reduce our state’s glaring economic and racial inequity. And while ignoring those problems, the Republican majority passed legislation to make voting more difficult. The inaction on the budget and the actions taken to make it harder for people to vote are connected. An overwhelming majority of the public, including a substantial number of Republicans, want American Rescue Plan funds to be invested in the people of Pennsylvania. There are many opportunities for such investment: One-tenth of the funds available this year could have been used to fund Governor Wolf’s bold $1.3-billion proposal to take a major step toward reducing our worst-in-the-nation inequality in K-12 school funding. (The $300 million in new education… Continue reading