Category: Poverty

No comments

Tax Relief for Working Poor Pennsylvanians in the Next Budget

  By Pennsylvania, Poverty, Public Policy, Statements, Taxation

FOR IMMEDIATE RELEASE:   June 30, 2022 Contact: Kirstin Snow, snow@pennbpc.org To: Members and staff of the General Assembly, editorial board members, and political writers From: Marc Stier, Director and Diana Polson, Senior Policy Analyst, PA Budget and Policy Center Re: Tax Relief for Working Poor Pennsylvanians in the Next Budget Some discussions about providing tax relief for low-income working Pennsylvanians appear to be part of the current budget negotiations. We want to strongly encourage the General Assembly to take such action by instituting a state version of the federal earned income tax credit. This is especially imperative if the General Assembly is likely to cut corporate tax cuts now. If there are funds to cut taxes for many of the richest Pennsylvanians, there should be funds to cut taxes for low-income, working Pennsylvanians. As we have extensively demonstrated, the PA tax system is unfair, with low-income families paying state… Continue reading

No comments

Philadelphia Needs to Create Jobs and Reduce Poverty: Tax Cuts Won’t Do It

  By Philadelphia, Philadelphia Taxes, Poverty, Wealth Tax

For the last twenty years, discussion about ways to improve the economy of Philadelphia and create jobs has far too often focused on both the wrong goal and the wrong means. The goal has not been to reduce poverty and income inequality and create economic opportunity for those with low incomes, especially Black and brown people. Instead, it has been to pursue economic growth and jobs without regard for the impact on poverty. The means have been cuts in business and wage taxes even though the evidence showing that this is an effective and efficient way of pursuing economic growth and creating more jobs has always been questionable. And there has been good reason to fear that tax cuts and the spending cuts or restraint they require would fail to reduce poverty and income inequality and possibly make them worse. Meanwhile, we have too often ignored alternatives to tax cuts… Continue reading