Budget Act Signed Into Law by President Trump

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On February 9, 2018, President Trump signed the Bipartisan Budget Act (H.R. 1892). The bill’s passage came after a short government shutdown had taken place on Thursday evening and into Friday morning.  Unfortunately, the budget sets another short-term date (March 23), through which the government will continue to operate, leaving the potential, again, for yet […]

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The Commonwealth Moves Closer to a Budget!

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In what is perhaps one of the most dysfunctional budget processes in Pennsylvania history, it now appears that Governor Wolf and the Republican-controlled Congress are finally getting close to resolving the state’s budget impasse. The resolution is coming just in time, as Governor Wolf plans to reintroduce some of his more-acrimonious ideas in his budget […]

Internal Revenue Service Budget Cuts Likely to Affect Taxpayers

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On July 22, the Senate Appropriations Subcommittee on Financial Services and General Government  approved a fiscal year (FY) 2016 Internal Revenue Service funding measure that provides $10.475 billion, a cut of $470 million, or 4%, below the FY 2015 enacted level. Appropriators said the decrease in funds would require the Internal Revenue Service to streamline […]

Ohio Concludes Budget Process

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Unlike Pennsylvania, our neighbors to the west seem to have solved the budget pressures facing citizens of their state. Ohio Governor John Kasich has signed the 2016-17 State of Ohio budget, effective on July 1st, which reduces the personal income tax rates, eliminates income taxes on small businesses, and makes additional income tax changes. The […]

Governor Wolf Proposes New PA Budget

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In a move that confirms campaign promises by newly-elected Governor Wolf, on March 3, he proposed a 2015 /2016 budget for the Commonwealth of Pennsylvania. Wolf’s budget sets out the foundation of a $3 billion plan to force what he labels “bold change.” The mix of tax initiatives in the proposal include some interesting “tradeoffs” […]