— Yesterday, on the eve of the governor’s state budget address, Rep. Jason Ortitay (R-Washington/Allegheny) joined several concerned state lawmakers and small business advocates to highlight the negative impact potential tax increases could have on small businesses and job creation in Pennsylvania. A small business owner himself, Ortitay contributed to ta roundtable discussion and acknowledged his support for pro-job, pro-growth policies.
“The complexity of the current system makes it difficult to hire new people,” Ortitay said. “As representatives of this state, we need to support proposals that allow businesses to invest money back into their companies, not take more of their money to run an already bloated state government.”
WATCH: Video of yesterday’s roundtable discussion- www.RepOrtitay.com.
To ensure small businesses do not bear the brunt of any new tax proposals, three House members announced the introduction of legislation to simplify the state’s Tax Code. House bill sponsors, state Reps. George Dunbar (R-Westmoreland), Stephen Bloom (R-Cumberland) and Seth Grove (R-York) introduced the “Small Business Tax Fairness Package” to reform tax treatment for small businesses in three critical scenarios: Section 179 expense deductions, like-kind exchanges and net operating loss carry forwards.
Composing of House Bills 700, 701 and 702, the Small Business Tax Fairness Package aims to encourage investment, expansion, job creation and economic growth.
“A new tax on small businesses in Pennsylvania would be to the detriment of our economy,” Ortitay said.
The National Federation of Independent Business (NFIB), which represents 15,000 small businesses in Pennsylvania, also expressed support for the Small Business Tax Fairness Package and applauded the lawmakers for their efforts to reduce the fiscal burden on Pennsylvania entrepreneurs.
All three bills have been referred to the House Finance Committee for consideration. Identical legislation has also been introduced in the state Senate.
A video of yesterday’s roundtable discussion can be watched at www.RepOrtitay.com
Representative Jason Ortitay
46th Legislative District
Pennsylvania House of Representatives
Media Contact: Morgan Wagner