Category: Economic Development

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Statement: New COVID-19 Stimulus Bill Is Not Enough for PA

  By COVID-19, PA Budget and Policy Center, PA Economy, Statements

Originally published by KRC / PBPC at https://krc-pbpc.org/research_publication/statement-new-covid-19-stimulus-bill-is-not-enough-for-pa/ Marc Stier, director of the Pennsylvania Budget and Policy Center, has released the following statement about the COVID-19 stimulus package recently passed by the U.S. House and Senate. The new COVID-19 stimulus bill passed by the House and Senate is missing important elements that are critical to people of Pennsylvania. Those who are unemployed due to the pandemic will not receive enough support. Nor will Pennsylvania’s small businesses that need help, such as those in the hospitality industry. There is no funding at all for the state or for local governments that face revenue shortfalls that are likely to lead to deep budget cuts that hurt students and those who rely on the state for important services. Those cuts will delay an economic recovery. Yet, even though it is insufficient in many ways, it will provide much needed help to individuals and… Continue reading

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The Need for Federal Aid to the States: A Statement

  By COVID-19, PA Economy

Originally published at KRC-PBPC at https://krc-pbpc.org/research_publication/the-need-for-federal-aid-to-the-states-a-statement/ Marc Stier delivered the following remarks at a press event held by Senator Bob Casey. Thank you, Senator Casey, for inviting me to speak today and for your advocacy for out state and its people. Pennsylvania, like every state in the country, desperately needs new covid-19 relief measures from the federal government The Pennsylvania economy needs it. Pennsylvanians who are suffering from the economic crisis created by the pandemic need it, especially those who are unemployed or who are facing a housing crisis. And These are disproportionately people of color and women. And all of us who rely on a functioning state government need it. After a welcome if only partial economic recovery thanks to the impact of the CARES Act, the economy of Pennsylvania has been slowly slipping back into a deeper recession since September. With limited restrictions on business activity, small business… Continue reading

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Statement on PA CARES 21 Proposal

  By COVID-19, Economic Development, PA Economy, Statements

Originally published by KRC-PBPC at https://krc-pbpc.org/research_publication/statement-on-pa-cares-21-proposal/ Pennsylvania Senate Democrats have today put forward a bold plan to borrow funds at low interest rates to provide relief to many Pennsylvanians who are still struggling with the devastating effects of the COVID-19 pandemic. For three reasons, it should be enacted quickly. First, it is desperately needed not to just to provide immediate relief to small business, the unemployed, local governments, our schools, health care providers, front-line workers and others but to keep the Pennsylvania economy from falling deeper into recession. The failure of the General Assembly to use the remainder of the CARES funds to provide aid to vulnerable Pennsylvanians, and especially to our small businesses, front-line workers, and health care providers was a dereliction of their responsibility to protect the most vulnerable in this crisis. And, as the IFO pointed out, the fairly quick, albeit partial, rebound from the economic disaster… Continue reading

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HB 2513 Threatens Not Just Our Health but the Economy

  By COVID-19, Economic Development, PA Economy, PBPC Blog posts

Republicans in Harrisburg appear ready to move to override Governor Wolf’s veto of HB 2513, which would severely limit his authority to limit the operation of restaurants, bars, and private clubs. We are well aware of the severity of the pandemic’s impact on the hospitality industry and have urged Pennsylvania’s General Assembly to act to provide relief for it. But, we are at a time when COVID-19 cases are increasing in many parts of the country with predictions of a further increase everywhere as the weather gets colder. It is not just irresponsible but insane to make it impossible for the governor to act aggressively to stem the further spread of the virus in venues that are proven to be a major source of infection. The legislation is based on a false premises—that government closures are the reason for the economic slowdown and devastation in the food service and related… Continue reading

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UPDATE: How Many Lives Have We Saved?

  By COVID-19, Economic Development, PA Economy, PBPC Blog posts

Originally published by KRC-PBPC here. While, for months, Republican legislators were insisting on a rapid reopening of businesses in Pennsylvania, Governor Wolf’s health and safety regulations created one of the most dramatic declines in both COVID-19 cases and deaths of any state in the country. After averaging 1,364 new cases per day in April and 864 in May, there was a drop to 757 in June, and after a rise in July, to 709 in August. The number of new cases has been rising again and in the beginning of October to an average of 1,206 per day. But while we should always be concerned about any increase in cases, especially as we head into potentially dangerous winter months, testing has increased by about the same degree. The state was conducting only an average of 5,963 tests per day in March and 7,558 in April. But in July, it averaged… Continue reading

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COVID-19: The False Choice Between Our Health and the Economy

  By COVID-19, Economic Development, PA Economy, Policy briefs

Originally published by KRC-PBPC here. For six months now, Republican legislators in Harrisburg have been telling a false story about COVID-19 and the economy. They have been claiming that we must choose between a growing economy and efforts to protect us from the COVID-19 virus and avoid overwhelming hospitals and health care systems. And they have held that government business closures and stay-at-home orders are responsible for the deep economic crash that has occurred in countries all over the world. This is a false narrative that poses a false choice. An economic decline was inevitable once the COVID-19 virus started spreading out of control because most Americans are sensible enough to understand the risks—not just to our own health but to that of those we care about—of interacting with others in stores, restaurants, religious services, sports and entertainment venues, and other recreational settings. Government orders may have heightened our concerns… Continue reading

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Choose Lives Not Money: On a Proposed Amendment A04895 to SB 327, PN 1436

  By COVID-19, PA Economy

Originally published by KRC-PBPC here. Governor Wolf has ordered all Pennsylvanians to stay at home except when necessary to engage in “tasks essential to maintain…the health and safety of their family and household members;” to get “necessary services or supplies for themselves or their family or household members….or to those in need;” to engage in ”outdoor activities” or to “perform work providing essential products and services at life-sustaining businesses….” This order has required the closure of most businesses in the Commonwealth. And that has placed a great burden on the owners of businesses large and small as well as on the employees of those businesses. The Pennsylvania Budget and Policy Center has recommended, along with many others, that the Commonwealth and the federal government take many steps to help sustain businesses and their employees during this time. Both the federal and state governments have taken such steps. We will be making… Continue reading

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Here Is What We Know About the COVID-19 Stimulus Bill

  By COVID-19, Economic Development, PBPC Blog posts, Politics

Originally published by KRC-PBPC here. Here is what we think we know about the bipartisan COVID-19 stimulus / relief bill that we expect the Senate to pass today. Let me be clear that lawmakers reached a deal—but the legislative text is not yet complete. Legislative staff members are working to fill in all the blanks on the agreements in order to have a full bill to move to the floor today. Some of these details may change in the final version. We will be updating this blog post throughout the day as we receive more details. Cash payments: The bill provides a one-time stipend of about $1,200 per individual making up to $75,000, $2,400 for couples making $150,000 or less, and $500 per child. The payment will be reduced gradually as incomes rise. Individuals who make up to $99,000 and couples making up to $198,000 would receive less. Though still unsure, we believe… Continue reading

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Lawmakers Should Take a Mulligan When Governor Wolf Vetoes Tax Credit for More Petro Plants

  By Economic Development, Environment, Marcellus Shale, PA Budget and Policy Center, PBPC Blog posts

HARRISBURG – Keystone Research Center economist Stephen Herzenberg and Pennsylvania Budget and Policy Center director Marc Stier issued the following statement in the wake of the Pennsylvania General Assembly’s approval yesterday of a multimillion-dollar tax credit for future petrochemical and fertilizer plants that use Pennsylvania natural gas as a feedstock. “We strongly urge Governor Wolf to veto HB 1100, an  inadequately considered subsidy for petrochemical companies and then urge lawmakers of both parties to reconsider their support so that the governor’s veto is sustained. Doubling down on subsidies for petrochemical and plastics companies at this moment of history is like buying more deck chairs for the Titanic.” “The minimum due diligence the Pennsylvania General Assembly should demand of itself is to ask the Independent Fiscal Office to evaluate the advisability of this subsidy, considering: the consequences of expanding petrochemical production in western Pennsylvania for carbon emissions and other pollutants, and… Continue reading

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Puerto Rico, Democracy and Disaster

  By Economic Development, White Supremacy and Structural Racism

There is a reason why this country is ignoring the disaster that has afflicted our citizens in Puerto Rico. It’s exactly what happens when people have no control over their government. There is no way this would be happening to any state with the population of Puerto Rico because our government would have to respond to people who voted for president, two senators, and members of the house. Either make Puerto Rico a state or let it become independent. (And that choice is up to the citizens of Puerto Rico.) The current status is morally indefensible. Continue reading