Pennsylvania’s business tax climate has long put the Commonwealth at a competitive disadvantage with other states.
Now the Commonwealth risks falling further behind in a race that has critical implications for how well the state recovers from the worst financial crisis since the Great Depression.
Three states have recently proposed corporate rate cuts as a way to boost job growth and economic recovery, according to the Council on State Taxation. And all three states already have corporate tax rates that are below Pennsylvania’s 9.99 percent.
