Gas industry leaders call for regulatory regime fixes

Gas industry leaders call for regulatory regime fixes

A new cabinet position and a commonwealth agency focused on energy production and coordination are on the agenda for state business leaders who want to expand Pennsylvania’s gas economy.

In a report released Thursday entitled “Forge the Future: Ideas for Actions,” industry leaders said that the state’s potential in gas economic growth – totaling $60 billion between production, energy generation and manufacturing - is threatened by poor businesses conditions in the state, from the nation high 9.99 corporate net income tax to slow permitting.
Thursday, October 11, 2018/Author: Stephen Caruso
Categories: News and Views
Industry critics pan latest severance tax proposal

Industry critics pan latest severance tax proposal

If Gov. Tom Wolf’s announcement Monday that he is again pushing for a severance tax appeared familiar to those listening, so too seemed the gas industry’s reply.

Tuesday, May 1, 2018/Author: Mike Howells
Categories: News and Views
IFO report predicts proposed severance tax would make up for cut in state corporate income tax rate

IFO report predicts proposed severance tax would make up for cut in state corporate income tax rate

A recently released Independent Fiscal Office review of Governor Tom Wolf’s 2018 budget analyzed three marquee proposals found within — a cut in the state’s corporate net income tax, a natural gas severance tax and raising the minimum wage to $12.00.

Taken together, the IFO predicted an average annual gain of $418 million each year in state revenue, which peaks in the early 2020s before falling down by 2023.

Friday, April 20, 2018/Author: Stephen Caruso
Categories: News and Views
Republican leaders say governor’s proposed spending increases are a non-starter

Republican leaders say governor’s proposed spending increases are a non-starter

Republican legislative leaders from the House and Senate responded to Gov. Tom Wolf’s budget address Tuesday afternoon, saying the nearly $1 billion spending increase over last year’s enacted budget proposed by the governor is a non-starter in their respective chambers.

Tuesday, February 6, 2018/Author: Jason Gottesman
Gov. Wolf proposes $33 billion budget that prioritizes education funding and workforce development

Gov. Wolf proposes $33 billion budget that prioritizes education funding and workforce development

Gov. Tom Wolf Tuesday gave his fourth budget address, the last of his current term, that proposes a spending plan ringing in at $33 billion in expenditures and prioritizes education funding and workforce development initiatives while once again calling for a severance tax, agency consolidations, and per capita municipal fee to pay for State Police coverage of municipalities without their own police force.

Tuesday, February 6, 2018/Author: Jason Gottesman
Categories: News and Views
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