This Week at Third and State: Tax Break for Shell Cracker Plant, Payday Lending and Budget Myths

This week at Third and State, we blogged about Governor Tom Corbett's proposal to give Shell Oil Co. a $1.65 billion tax credit over 25 years for building an ethane cracker plant in Pennsylvania. We also wrote about the passage of legislation in the state House to legalize predatory payday lending, the myths behind Governor Corbett's budget myths, the national job numbers for May, and more. 

IN CASE YOU MISSED IT

  • On the state budget, Sharon Ward blogged about the five "myths" the Corbett administration claims are circulating about the governor's proposed budget — and the myths behind the myths.
  • On tax policy, Mark Price highlighted a Philadelphia Daily News report on Governor Corbett's proposal to give Shell a $1.6 billion tax credit for locating an ethane cracker plant in the state. Chris Lilienthal wrote about a Capitolwire report asking whether Shell should get such a large tax break for jobs that other companies may bring to Pennsylvania.
  • On consumer protection, Mark Price was on top of developments with the payday lending bill, which passed the House on Wednesday. He had updates here and here and blogged about the bill's final passage here.
  • On job and the economy, Mark Price made sense of the national jobs numbers for May. He also took a look at the impact of economic austerity on Pennsylvania schools.

More blog posts next week. Keep us bookmarked and join the conversation!

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