Members of the York County Republican House Delegation today joined a majority of their colleagues in supporting a measure that would equalize business taxes in the Commonwealth and create an environment conducive to hiring. They released the following statement regarding their affirmative votes on House Bill 2150:
"Pennsylvania ranks dead last in business tax ratings, which puts us at a disadvantage when trying to attract employers and improve our jobs outlook. House Bill 2150 would reform our burdensome business tax structure and would hold every business to the same set of tax standards. State government's tax structure should not choose winners and losers, and this reform will level the playing field.
"House Bill 2150 would disallow specific business accounting strategies, which can only be used by certain businesses, putting them at an advantage over the majority of Pennsylvania employers. To date, 23 other states have used the expense add-back provision included in this legislation to ensure that all businesses are held to the same tax criteria.
"Tax reform and increased hiring go hand in hand. Excessive taxes are a disincentive to employers to bring on more workers. House Bill 2150 would reduce the nation's highest flat Corporate Net Income Tax over six years from the current 9.99 percent to 6.99 percent. It also would phase out the cap on Net Operating Losses over nine years to promote business investment. These are factors businesses have identified as barriers to growth and increasing employment, and addressing these concerns will lead to economic improvement and lower unemployment -- exactly what we need to put us back on the right financial track."
The York County Republican House Delegation consists of Reps. Keith Gillespie (R-Hellam); Seth Grove (R-Dover); Ron Miller (R-Jacobus); Scott Perry (R-Dillsburg); Stan Saylor (R-Red Lion), Majority Whip of the House Republican Caucus; and Will Tallman (R-Hanover).