Westmoreland Review

Senate Republicans Secure Passage of Historic Tax Cuts for Working Families

HARRISBURG – Working families, job creators, and energy consumers in Pennsylvania would see their taxes reduced by approximately $3 billion a year under a bill approved by the Senate today, according to Senate President Pro Tempore Kim Ward (R-39), Senate Majority Leader Joe Pittman (R-41), and Senate Appropriations Committee Chair Scott Martin (R-13).

Senate Bill 269 would reduce the Personal Income Tax (PIT) rate from 3.07 percent to 2.8 percent, putting more money in the wallets of every Pennsylvanian who earns a paycheck. The bill would also eliminate the Gross Receipts Tax on energy, effective on January 1, 2025, providing critical relief from high energy costs.

"The strong, bipartisan, veto-proof legislation would represent the largest tax cut for working families in our Commonwealth’s history, saving taxpayers more than $13 billion over the next five years," said the Senate Republican leaders.

"The tax cuts would benefit all Pennsylvania families and inject an additional $3 billion into the state’s economy, rather than growing government and arbitrarily picking winners and losers. The plan is a sharp contrast from Governor Shapiro’s calls for $3.2 billion in new government spending, as well as legislation introduced by House Democrats to nearly quadruple certain taxes paid by small businesses."

Senate Republican leaders stressed that the tax cuts are a continuation of their longstanding efforts to protect taxpayers against unnecessary tax increases, new spending, and unchecked growth in the size of government.

Senate Bill 269 was sent to the House of Representatives for consideration.

CONTACTS: Erica Clayton Wright ewright@pasen.gov (Sen. Ward) Kate Flessner kflessner@pasen.gov (Sen. Pittman) Jason Thompson jthompson@pasen.gov (Sen. Martin)