corporate tax

Gov. Tom Wolf / Flickr

The Republican-sponsored tax code overhaul in Congress faces an uncertain path, and will likely see some major changes as it makes its way toward legalization.

But nevertheless, small business owners and advocates in Pennsylvania are trying to figure out how its current iteration would affect them—and some have mixed feelings.

The more than 400-page bill of sweeping tax code changes has been touted as “pro-business” by its House GOP authors and the Trump administration.

And it would indeed slash the corporate tax rate by 15 percent.

Gas Severance Tax Won't Have Big Impact On Pennsylvania, Says Research Group

Aug 10, 2017
Tim Lambert / WITF

A natural gas severance tax has been a hot-button issue in Harrisburg for nearly a decade, but the plan recently approved by the state Senate is unlikely to have a major impact–  either in terms of government revenue, or drilling company investment decisions, according to research from the nonpartisan environmental economic think tank, Resources for the Future.