PA Bill Number: HB1472
Title: In primary and election expenses, further providing for reporting by candidate and political committees and other persons and for late contributions ...
Description: In primary and election expenses, further providing for reporting by candidate and political committees and other persons and for late contrib ...
Last Action: Referred to STATE GOVERNMENT
Last Action Date: Apr 22, 2024
Tom Wolf: Wealthy should pay more to cut school taxes :: 07/29/2014
Democratic gubernatorial candidate Tom Wolf says he'd look to increase income taxes on Pennsylvania's higher earners to expand the state's share of public education funding.
In an interview with a panel of Associated Press reporters and editors Friday afternoon, Wolf says he'd tie the increase to a dollar-for-dollar reduction in local property taxes levied by school boards. Wolf's goal would be to raise the state's share of public school costs to 50 percent.
That's a shift of several billion dollars a year. It currently pays about one-third, while property taxes shoulder more than 40 percent.
Wolf's plan to reshuffle school funding would accompany his proposed overhaul of the 43-year-old income tax to target higher earners.
