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What you should know about Gov. Tom Wolf's proposed state income tax hike


What you should know about Gov. Tom Wolf s proposed state income tax hike
WPVI
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HARRISBURG, Pennsylvania (WPVI) Pennsylvania Governor Tom Wolf presented his budget proposal for fiscal 2021-22 on Wednesday, a $37.8 billion spending plan.
But what is attracting most of the attention is Wolf s request for a major hike in the state income tax in efforts to produce an additional $4 billion in revenue.
Much of the money would be earmarked for a massive spending increase for public education, including an effort to make the funding formula more equitable throughout the state.
The proposal faces immediate opposition from Republicans in the GOP-controlled Legislature in its current form. Wolf s plan will affect most people, but how it will impact your household will depend on how many people live in the home and your income. ....

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Gov. Wolf proposes Pa.'s biggest tax increase ever, but it would be a tax cut for many


Gov. Wolf proposes Pa.’s biggest tax increase ever, but it would be a tax cut for many
Updated Feb 03, 2021;
Posted Feb 02, 2021
Gov. Tom Wolf s 2021-22 budget proposal includes the largest personal income tax rate increase in state history while also providing some tax forgiveness or relief to lower-income Pennsylvanians. This chart indicates who would pay more and who would pay less.
Provided by Pa. House Democratic Appropriations Committee
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Gov. Tom Wolf, in proposing what may be the largest increase in the state personal income tax ever, is effectively trying to reverse engineer the state’s existing flat tax rate into a graduated tax system. ....

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Employers worry Pa. Gov. Wolf's $145M pandemic relief plan could cause more problems than it solves


Employers worry Pa. Gov. Wolf’s $145M pandemic relief plan could cause more problems than it solves
Updated Dec 23, 2020;
Posted Dec 23, 2020
Gov. Tom Wolf announced on Wednesday he is transferring $145 million from the Pennsylvania Workers Compensation Security Fund to the state s general fund for the General Assembly to make available to businesses hard hit by the COVID-19 pandemic.
Dec. 23, 2020
Screenshot from governor s website
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Gov. Tom Wolf’s latest proposal to ease some of the economic pain that the coronavirus has inflicted on businesses across Pennsylvania is not being widely accepted as the right medicine.
Wolf is proposing to transfer $145 million from Pennsylvania Workers’ Compensation Security Fund, a fund that ensures injured workers receive workers’ compensation benefits, and place it into the general fund for the General Assembly to decide how to distribute as either grants or loans to businesses. ....

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