Feature
Open
for Business:
The Fight to P Reduce PA’s Corporate Net Income Tax By Katie Hetherington Cunfer, Director of Government & Community Relations, GRCA
18 COMMERCE QUARTERLY SPRING 2022
ennsylvania has been losing out on economic development opportunities to our neighbors and other states because of its complicated regulatory scheme, burdensome tax rates and other factors. The 2020 Census was a clear indicator that these limiting policies have directly contributed to PA’s population stagnation or decline in regions outside of SE PA and Pittsburgh. Once again, the Commonwealth is losing a seat in Congress and an Electoral College vote, going from 18 to 17 Congressional seats, which erodes its influence in the United States and on the world stage. This has been happening consistently every decade since the height of 36 seats following the 1910 Census. The 2020 U-Haul report (tinyurl.com/y4j6hxjd) indicated that New Jersey and Pennsylvania were No. 1 and No. 2 in states where people were moving out. These folks are leaving for warmer states to the south and west that also happen to have friendlier business and personal tax climates.
