In recent weeks, we blogged about how business tax cuts have dragged down revenue growth this year and will continue to do so in future budgets. We also wrote about the dangers of a Pennsylvania telephone deregulation bill, the impact of a cut to federal food assistance, how the 50 states stack up when it comes to employer-sponsored health insurance, transportation funding, Marcellus Shale-related employment, and more.
IN CASE YOU MISSED IT AT THIRD AND STATE:
- On state budget and taxes, Michael Wood wrote in the latest revenue tracker that General Fund collections are not keeping pace with the slowly growing economy, and much of this can be traced to corporate tax cuts. He also wrote about the Independent Fiscal Office's budget outlook predicting slow revenue growth in the next five years, another product of business tax cuts.
- On utilities and regulation, Steve Herzenberg blogged about a new Keystone Research Center report finding that a telephone deregulation bill in the state House will hurt rural broadband access and increase phone rates for consumers.
- On the federal nutrition assistance, Chris Lilienthal shared an interactive map of Pennsylvania showing that a $183 million cut to the Supplemental Nutrition Assistance Program (SNAP) will impact families and children in every county.
- On health care, Chris Lilienthal shared an interactive map of the United States showing how the 50 states stack up when it comes to employer-sponsored health insurance. With the nation’s employer-based health insurance system fraying rapidly in the past decade, the findings highlight just how important the Affordable Care Act is to many Americans.
- On transportation funding, Sharon Ward highlighted her testimony before a House committee on how Pennsylvania could significantly increase its long-term investment in roads, bridges, and public transit with a mix of cash and debt financing.
- On the Marcellus Shale, Mark Price shared an article setting the record straight about drilling-related employment claims made by Governor Tom Corbett's re-election campaign.
- Finally, we shared the Pennsylvania Budget and Policy Center's latest webinar on the Governor's Healthy PA plan, Medicaid expansion, and the Health Insurance Marketplace.
LATEST FROM KEYSTONE RESEARCH CENTER (KRC):
- Upcoming Event: Join KRC Reception in Pittsburgh on November 20
- Report: A Bad Deal for Pennsylvania: Raising Phone Rates and Putting Telephone Service at Risk
- Press Release: Deregulation Bill Will Hurt Rural Broadband Access, Hike Phone Rates
- Patriot-News: Cash Balance Plans Threaten Retirement Security
- Scranton Times-Tribune: Pension Solution Elusive
KRC IN THE NEWS:
- Johnstown Tribune-Democrat: Phone Changes Decried: Higher Landline Bills, Reduction in Service
- WESA-FM: Phone Deregulation Bill Would Hurt Rural Broadband Access
- Delaware County Daily Times: Fix Pension Problem to Save Workers, Economy
LATEST FROM PENNSYLVANIA BUDGET AND POLICY CENTER (PBPC):
- Upcoming Webinar: Proven Property Tax Relief Strategies for Pennsylvania
- Takeaways from IFO Outlook: Business Tax Cuts Slow PA Revenue Growth Creating Future Budget Gaps
- Press Release: Use Mix of Cash and Debt Financing to Fund PA Transportation Projects
- Interactive Map: Cut to Federal Nutrition Assistance Impacts Families and Children in Every PA County
- Revenue Tracker: Collections Exceed Estimate But Corporate Tax Cuts Slowing Year-Over-Year Growth
PBPC IN THE NEWS:
- Central Penn Business Journal: Capital Stock and Franchise Tax Could Be Key to Transportation Funding
- Reading Eagle Letter to Editor: Property Tax Elimination Bill Would Hurt Education
- Bucks County Courier Times: Food Stamp Cuts Hit 1.8M Pennsylvanians