In Case You Missed It

Third and State This Week: State of the Union, Loopholes and Price of Service Cuts

This week, we blogged about the President's State of the Union address, new legislation to address corporate tax loopholes and a new series examining the price of cuts to state services in Pennsylvania.

IN CASE YOU MISSED IT

  • On the State of the Union, Mark Price offered a preview before the President's speech and a recap of his favorite parts the next day.
  • On state budget and tax policy, Chris Lilienthal wrote that legislation proposed by Representatives Dave Reed and Eugene DePasquale would take a first step towards closing corporate tax loopholes in Pennsylvania, but more needed to be done. Chris also highlighted the first and second installments of a new series from the Pennsylvania Budget and Policy Center featuring stories of Pennsylvanians impacted by five years of state service cuts.
  • And in other Morning Must Reads this week, Mark Price compared and contrasted executives and teachers, and highlighted a proposal to strengthen both the minimum wage and the earned income tax credit.

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

Third and State This Week: PA Jobs Report, Revenue Outlook and Kids Denied Health Care

This week, we blogged about the state's revenue picture, Pennsylvania's December jobs report, a new report on the cost of interest rate swaps, and the termination of public health insurance for 88,000 Pennsylvania kids.

IN CASE YOU MISSED IT

  • On the state budget and the economy, Michael Wood shared his analysis of the state's revenue picture midway through the 2011-12 Fiscal Year. And Mark Price highlighted some of the key takeaways from a conference hosted this week by the Independent Fiscal Office on Pennsylvania's economic and revenue outlook.
  • On jobs and unemployment, Mark Price provided his analysis of the December Pennsylvania jobs report and what the outlook is for 2012.
  • On financial matters, Sharon Ward blogged about a new report from the Pennsylvania Budget and Policy Center documenting the hundreds of millions of dollars that interest rate swap deals negotiated with Wells Fargo, Morgan Stanley, Goldman Sachs and other banks have cost the City and School District of Philadelphia. Chris Lilienthal highlighted some of the media coverage of the report.
  • On health care, Mark Price shared a report from The Philadelphia Inquirer that Pennsylvania has terminated public health coverage for 88,000 kids since August. Mark also linked to a news report on the resignation of a Pennsylvania Department of Public Welfare adviser.

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

Third and State This Week: Food Stamps Assets Test, Lagging Job Growth and State Cuts

This week, Mark Price dominated the blog, writing about income inequality, challenges facing school districts and a new policy intended to limit access to food stamps for low-income families with modest savings.

IN CASE YOU MISSED IT

  • On poverty and public welfare, Mark Price blogged about a Philadelphia Inquirer editorial questioning the wisdom of the state's reinstatement of an "assets test" for Pennsylvanians receiving food stamps, As the editorial states: "Instead of encouraging the working poor to save, Pennsylvania welfare officials want to punish families for having a few dollars in a bank account."
  • On jobs and the economy, Mark wrote that Pennsylvania is headed in the wrong direction, with November 2010-November 2011 job growth less than November 2009-November 2010.
  • On the state budget, Mark highlighted news reports on the local impacts of state cuts, and he passed on news reports on income inequality and challenges facing schools and higher education.

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

Third and State This Week: Economic Mobility, Budgetary Freeze and Regulations

This week, we blogged about a $157 million midyear budgetary freeze, intergenerational mobility in the U.S. and false claims about the impact of regulations on jobs and the economy.

IN CASE YOU MISSED IT

  • On income inequality, Mark Price blogged about a New York Times story this week providing fresh evidence that there is less intergenerational economic mobility in the U.S. than in Europe.
  • On the state budget, Sharon Ward wrote about a $157 million state spending freeze announced by the Corbett administration this week, marking the fifth straight year of cuts to health care, education and human services in Pennsylvania.
  • Responding to false claims about jobs and regulations, Stephen Herzenberg cited a former Reagan/Bush official who has written that “no hard evidence is offered” for the claim that new regulations are holding back investment and job creation:
  • In the Morning Must Reads, Mark Price highlighted news stories discussing the gender pay gap and a report linking Chesapeake Bay cleanup to job creation.
  • And finally, congratulation to Mark Price, named one of 2011's most influential voices in business by the Pittsburgh Post-Gazette

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

Third and State This Week: Mid-year Budget Update, a Tax Break for Jet Sales & Latest Economic News

Programming Note: Third and State will be taking some time off for the holidays. We'll be back on January 3, 2012. Have a wonderful holiday and a happy new year.

This week, we blogged about a special tax break being proposed for jet sales, the mid-year state budget update and the latest economic news.

IN CASE YOU MISSED IT

  • On the state budget, Sharon Ward got déjà vu when she heard Budget Secretary Charles Zogby warn in the mid-year budget briefing that more state service cuts are on the way in 2012.
  • On state taxes, Chris Lilienthal highlighted a Pennsylvania Budget and Policy Center analysis of a new special tax break for private jet sales that some lawmakers are advocating. He also shared a recent ABC 27 news report on a tongue-in-cheek "billionaire's press conference" in support of this new tax giveaway.
  • In the Morning Must Reads, Mark Price blogged about news stories on perfectly legal forms of wage theft, job layoffs and property tax hikes, new home sales data, and a planned increase in the Ohio minimum wage.

We will return on January 3, 2012. Have a wonderful holiday and a happy new year.

Third and State This Week: No Marcellus Shale Fee in 2011, Extended Unemployment at Risk and PA gets a D

This week, we blogged about a new report on economic development subsidies in Pennsylvania, the economic harm that ending extended unemployment insurance for 281,000 jobless Pennsylvanians will have, and the latest on the debate over enacting a Marcellus Shale drilling fee.

IN CASE YOU MISSED IT

  • On economic development, Chris Lilienthal shared the results of a national study by Good Jobs First that ranked the 50 states' economic development subsidy programs based on job creation requirements and wage standards for workers at subsidized companies. Pennsylvania came in 40th.  
  • On the Marcellus Shale, Michael Wood blogged about 2011 ending as the last two years have — without a Marcellus Shale drilling tax or fee for Pennsylvania.
  • On unemployment, Sean Brandon laid out the facts supporting the extension of emergency federal unemployment insurance. With the average duration of joblessness among Americans at an all-time high, now is not the time for Congress to turn its backs on the unemployed. 
  • In the Morning Must Reads, Mark Price highlighted news stories discussing the safety issues of Marcellus drilling and the foreclosure crisis in the midstate

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

Third and State This Week: Corporate Tax Avoidance, Insurance Rate Review and Prevailing Wage

This week, we blogged about a new report on state tax avoidance by some of the largest U.S. corporations, how to really save money on public construction projects, and legislation that undermines the state’s ability to review most health insurance rate hikes.

IN CASE YOU MISSED IT

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

Third and State This Week: The Costs of Child Poverty, Too-Good-to-Be-True Liquor Privatization and Temp Workers

This week, we blogged about the economic costs of child poverty, a privatization study that is too good to be true, what the trends in temporary worker services suggest for Pennsylvania's economy, and much more.

IN CASE YOU MISSED IT

  • On poverty, Chris Lilienthal blogged about an analysis estimating that child poverty costs the United States' economy $500 billion every year in foregone earnings, healthcare expenses, and crime involvement. 
  • On privatization, Stephen Herzenberg highlighted testimony presented by researchers with the Keystone Research Center this week making the point that privatization of Pennsylvania's wine and spirits stores would not benefit state revenues but could increase alcohol-related social problems. 
  • On jobs and unemployment, Sean Brandon explained what the employment trends of temporary workers could mean for Pennsylvania as an indicator of broader job market trends. 
  • And in the Morning Must Reads this week, Mark Price wrote about news report on $7.7 trillion in loans and guarantees the Federal Reserve provided to troubled banks, the growing number of elementary school students who qualify for subsidized school lunches, and the real root of high unemployment among today's youth
More blog posts next week. Keep us bookmarked and join the conversation!

Third and State This Week: A $56 million Marcellus Oops, Fiscal Austerity and Why It's Good to Be King

We hope you enjoyed your Thanksgiving holiday and are ready to take a break from the shopping mall to see what you missed this week at Third and State.

We blogged about the Pennsylvania Department of Revenue's Britney Spears moment, the challenges of reading all the way to the end, and why it's good to be king (or at least a well-paid CEO).

IN CASE YOU MISSED IT

  • On the Marcellus Shale, Michael Wood blogged about a $56 million "oops" by the Pennsylvania Department of Revenue in estimates it made earlier this year of Marcellus Shale industry tax contributions in 2010.
  • On jobs and the economy, Mark Price explained why it's a good idea to read to the end before criticizing the work of others. He also highlighted in the Morning Must Reads The Philadelphia Inquirer's series "America: What Went Wrong" and the Pittsburgh Post-Gazette's series on what happened to the middle class.
  • In other Morning Must Reads, Mark Price shared news stories on the fallout of fiscal austerity across the Commonwealth and wrote about the big bucks the new CEO of Pittsburgh-based American Eagle Outfitters will be making. As King Louis XVI of France was fond of saying, it's good to be king.
More blog posts next week. Keep us bookmarked and join the conversation!

Third and State This Week: Marcellus Shale Action, Pat Toomey's Deficit Plan and Latest PA Job Numbers

This week, we blogged about October job growth in Pennsylvania, legislative action on a Marcellus Shale fee, and a deficit plan from Senator Pat Toomey that would increase after-tax income inequality even further in the U.S.

IN CASE YOU MISSED IT

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

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