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Governor Wolf Proposes Plan to Cut Taxes for Working Class Families, Invest Billions in Education and Workforce Development
February 02, 2021
Working Class Families
Governor Will Deliver His Annual Budget Address Via Video Wednesday
Governor Tom Wolf outlined his budget plan to remove barriers and cut taxes for working class families in Pennsylvania while investing billions of dollars into Pennsylvania schools and workforce development initiatives. The governor’s plan would make Pennsylvania’s tax s
1. Restructure the homestead education tax
2. Broaden the sales tax base
3. Modernize income tax features
4. Undertake analysis in order to eliminate tax burden/benefit cliffs
5. Improve administration of property tax
6. Create a comprehensive telecommunications tax
7. Utilize tax policy to address climate change
8. Collaborate with other states so each state can build a fairer, more sustainable tax system
Recommendation 1: Restructure the Homestead Education Tax
Key components:
A. Eliminate the Property Tax Credit
B. Eliminate the homestead education property tax, and implement income-based education tax for all residents (owners and renters) with rate tied to locally voted budgets.
C. Levy the non-homestead education property tax on all property except the residence and 2-acre site.