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Who is paying for those 2011 corporate tax cuts?

During the Tom Corbett administration, the state corporate income tax rate was reduced over a period of years, and the state corporate franchise tax was completely phased out over a four-year period.

So who’s paying higher taxes now to compensate for the loss of that corporate tax revenue? Residents, including retirees, who pay public school taxes – especially those who live in smaller, rural districts – are paying higher taxes! In addition, drinkers, gamblers and smokers are paying more in state taxation.

Corporate profits aren’t taxed to help pay for the construction and maintenance of the state highways, so vehicle owners and drivers are paying higher fees for registration and licensing, in addition to a higher gas tax to help pay for the state police.

Employees of public schools, state-owned colleges and universities, and state-related universities, as well as their students, also are affected.

So who is paying for those 2011 corporate tax cuts?

In short, we all are!

David L. Faust

Selinsgrove

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