HARRISBURG, Pa. — Pennsylvania’s Senate approved two competing plans Wednesday to slash the state’s corporate net income tax rate, although Democrats warned the bills are premature because there is no agreement with Gov. Tom Wolf.
The bills passed on a nearly party-line basis, 31-19, in twin votes in the Republican-controlled chamber. Two Democrats sided with every Republican senator in voting for the bills.
Wolf, a Democrat, has said he is optimistic about coming to an agreement with Republican lawmakers on a plan to cut taxes for corporations that pay Pennsylvania’s 9.99% tax rate, one of the nation’s highest.
