Pennsylvania’s new fiscal year will begin without a state budget in place, as Gov. Tom Wolf’s administration and top Republican lawmakers haltingly worked through Thursday’s deadline to hammer out a roughly $42 billion spending plan whose details were still largely being kept secret.
Efforts to settle final details in the sprawling budget package came with 11th-hour wrangling over a number of issues, including pressure by Republicans for Wolf to agree to election-related legislation that has roots in former President Donald Trump’s baseless claims Democrats stole the 2020 election.
Both the House and Senate scheduled weekend voting sessions in an effort to finish a budget package before Independence Day.Missing the budget deadline has revived memories of protracted, monthslong budget fights between Wolf and the Republican-controlled Legislature in 2015 and 2017. “There’s been a lot of discussions around [$850 million] but there’s a lot of other things that need to come into place before we would agree to that. So we’re still plowing through that at this point in time,” he said.
Rather, Wolf and Republican lawmakers have focused on cutting Pennsylvania’s 9.99% corporate income tax rate, one of the nation’s highest. Along with that, Wolf has sought changes to ensure more multistate corporations pay the tax.Pennsylvania’s current tax on corporate profits is 9.99%, which according to theis the nation’s second-highest behind only New Jersey.
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