Wednesday, October 24, 2012
Why waste time stealing from the state
When the state will let your company collect the taxes and keep them. Saves time and keeps those silly government people from getting their hands on "your money", amirite?
The bill, HB 2626, passed on October 17 with bipartisan support. Just 80 members of Pennsylvania’s House of Representatives, most of the Democrats, voted in opposition.This should work just fine.
Employers that hope to take advantage of the incentive program must hire 250 or more new full time employees and provide health insurance for them, in addition to paying a wage that’s above the county average wherever they’re located. Once those conditions are met, the proposed law would allow companies to absorb as much as $5 million of their employees’ income taxes every year.
As state struggle with one another in an effort to lure companies with special tax rates and incentives, millions are given away every year to thousands of companies that otherwise earn more than enough to continue being profitable.
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