Economy & Taxes

When Todd took office in 2010 spending in Harrisburg was out of control and Pennsylvania was facing a $4 billion budget deficit. He has worked tirelessly over the last twelve years to make sure each budget signed into law prioritized our spending to avoid broad-based tax increases while meeting our financial obligations.

Todd has repeatedly opposed the massive sales and income tax increases that were proposed. Instead, Todd has consistently advocated for the elimination of over $700 million in corporate welfare instead.

PROPERTY TAXES

Property taxes are by far the most unfair taxation system as they have no regard for an individual’s ability to pay. Property taxes do not care if you are laid off or a senior living on a fixed income, they operate exclusively on the assumption that anyone who has worked hard enough to purchase a home has an unlimited ability to raise the money necessary to maintain the taxes levied on it.

Todd supports efforts to eliminate or freeze property taxes for seniors and has also championed legislation to allow local school boards to rely on alternatives to property taxes.

In the fall of 2017, Pennsylvania voters passed a constitutional amendment that allows the legislature to curtail the use of property taxes. It is only the beginning of the conversation, but we must find a better way and Todd is committed to finding it.

The government doesn’t have any of its own money – every penny it spends it must first take from someone else. Todd remains committed to ensuring your tax dollars are spent responsibly and will continue to focus on protecting taxpayers.

SUPPORTING US THROUGH THE PANDEMIC

The economic impact of the pandemic caused a great deal of pain to our local economy. In response to record unemployment numbers and struggling small businesses, Todd introduced legislation to create the Small Business Restaurant Grant Program to assist restaurants impacted by the virus by dedicating $250 million in vital assistance to restaurants throughout Pennsylvania. Todd also sponsored legislation to help property taxpayers during these difficult times by extending the discounted period to pay school taxes.

COVID-19 created many difficult challenges nationwide and here at home. Todd is committed to ensuring his community has the resources it needs to bring our economy back better than ever.

FIGHTING INFLATION

Let's face it. Our community is paying more at the gas pumps and at the cash register. Pennsylvanians are hurting with increased costs due to skyrocketing inflation. In this year's state budget, Todd supported measures that will help our community get through these rough economic times, including: the creation of a childcare tax credit to help families, a one-time expansion of the Property Tax/Rent Rebate Program, increased funding for an energy assistance program that helps low-income households, and the expansion of tax deductions for business expenses to support our small businesses. Todd also voted to reduce the Corporate Net Income Tax from 9.99% to 4.99% to further attract businesses and employment opportunities to Pennsylvania.