Jones, Policy Committee Host Third in Series of Hearings on Job-Creating Tax Reform

MARIETTA-Today, Rep. Tom Jones (R-Elizabethtown) and the House Republican Policy Committee, led by Chairman Josh Kail (R-Beaver/Washington), convened the third in a series of hearings to discuss ways to foster economic growth in Pennsylvania through business-related tax reform.

The hearing, "Job-Creating Tax Reform," featured the following testifiers: Neal Lesher, director of government affairs, PA Chamber of Business and Industry; Philip Fullerton, president and owner, John E. Fullerton Inc.; and Eric Wenger, managing partner, RKL.

As with the previous two hearings on this topic, the testifiers acknowledged the uncompetitive business environment in Pennsylvania and the need for changes to the Corporate Net Income Tax (CNIT) and net operating loss (NOL) deduction. Additional reforms were discussed, including those for S-Corporations vs. C-Corporations.

"As a business owner, I am very familiar with burdensome bureaucracy and the ways our government gets in the way," said Jones. "If we want businesses to thrive in Pennsylvania, we must reform our tax code, or else we'll continue losing to other states."

"Without tax reform, we cannot expect to create the number of family-sustaining jobs needed to empower our economy," said Kail. "House Republicans are committed to reforming taxes so that businesses big and small can proudly call Pennsylvania their home."

As Wenger concluded in his testimony, "I am confident that if each of these suggested tax reforms were enacted, Pennsylvania could dispel its reputation as being unfriendly for business."

To watch the complete hearing and the other two hearings in the "Job-Creating Tax Reform" series, click here.

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