Governor Tom Corbett, a Republican,
signed the Small Business Regulatory Reform act approved by the Republican
majority General Assembly, which requires the impact of regulations on small
businesses to be assessed. If the
regulation adversely affects business, the regulatory agency must substitute a
less-burdensome regulation.
Corbett also rejected the potential
waiver offered by the Obama Administration of the work requirement for welfare
recipients, according to the Commonwealth Foundation.
Pennsylvania reported that the Commonwealth has received $206 million in impact fees for natural gas drilling this
year. Last year, the state legislature
passed and Corbett signed a principled impact fee into law, resisting pressure
to single out the natural gas industry to impose a tax on natural gas drilling
in addition to all the usual state corporate income and asset taxes they
already pay. This figure does not
include all of those taxes paid to county and municipal governments, as well as
all of the tax revenue generated from tens of thousands of jobs and other
economic activity, including royalties for landowners.
No comments:
Post a Comment