This month, Governor Tom Corbett (R-Pennsylvania) reaffirmed the legislature’s efforts to authorize levy new sin taxes upon Philadelphia residents. Suggested as a remedy for the city’s failing public school system, the tax hike also appears to have political motivations, as Corbett lags behind Democratic Party challenger Tom Wolf.
Wolf, currently holding a 21-point lead over Corbett in recent polls, has styled himself as a champion for the state’s public school system. His proposed budget plan includes raising revenue by increasing taxes on the state’s lagging energy sector, and shifting the state’s income tax system from its current flat-tax model to a progressive tax structure.
According to some, Corbett attempting to compromise with Philadelphia Democrats, offering to sign the cigarette tax into law if they would consider moving forward with state pension reform, which represents a growing concern for the state.
“610 million dollars. That’s what we have to spend, new, every year,...
Results from national polling company Gallup’s annual governance survey suggest that a growing number of Americans believe that government’s interference in their lives has grown too large. Surveying randomly selected individuals across the nation, researchers found that 49 percent of Americans feel that government is too active in their lives, while only 22 percent say that government should play a larger role in everyday life.
Over the past 12 years, Gallup’s polling has...
A hot topic of discussion amongst taxpayers and public employers alike is how to properly manage our public employee pension systems and make sure that pension obligations are met.
In June 2012, the Government Accounting Standards Board (GASB) issued Statement 68, requiring governments that provide defined benefit pensions to recognize their long-term obligation for pension benefits as a liability on their financial statements.
In Ohio and across the country, public employees provide their...