PA Senate passes budget bill including major tax cuts and energy savings, but will House approve it?

08 May 2024- The Pennsylvania House Republican Leadership Team Tuesday called on the Pennsylvania House Democratic majority to stand with Pennsylvanians struggling with rising inflation and increasing energy costs by immediately calling up the Senate-passed historic tax cut and energy savings plan.

“Simply put, the Senate plan to cut the Personal Income Tax and slash energy taxes is the most direct way to support Pennsylvanians who literally continue to pay the price for failed fiscal and energy policies. This direct reinvestment into the people of this Commonwealth will put more money in the pockets of Pennsylvanians, stimulate the economy and naturally finance government operations through normal economic activity,” the leaders said. “We call on the House Democrats to avoid playing political games and immediately call up this plan as it was sent from the Senate to reinvest taxpayer dollars directly back into the pockets of Pennsylvanians.”

The Republican leaders noted that the tax cut plan will not only put more money in the pockets of Pennsylvanians but will limit the spending increases proposed by Gov. Josh Shapiro and curtail future government growth.

“Growing government is not an option, but providing direct investment in Pennsylvanians in the form of tax cuts is the right option to return the significant contributions they have made in the Commonwealth,” they said.

Senate Bill 269 passed the Senate Tuesday by a vote of 36-14.

That cut to taxes would be financed by using some of Pennsylvania’s Rainy Day fund as leverage, especially with high revenue growth and surpluses being received in the past two years. Details of the proposed cuts from local attorney Clint Barkdoll can be found during News Talk 1037FM’s Big Talk below.