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The Commonwealth Foundation is Pennsylvania's free-market think tank. The Commonwealth Foundation crafts free-market policies, convinces Pennsylvanians of their benefits, and counters attacks on liberty.
News Release & Availability
Last week, the first political attack ad by a “SuperPAC” in Pennsylvania’s gubernatorial race was released. The organization behind the ad, PA Families First, benefited from a federal court ruling earlier this year allowing “independent expenditure committees” (commonly called SuperPACs) to accept an unlimited amount of union dues to spend on partisan politics.
Today, the U.S. Court of Appeals for the D.C. Circuit ruled the IRS could not provide tax credits or subsidies to individuals with insurance policies purchased on the federal health exchange. The ruling calls into question whether major portions of the Affordable Care Act—the individual and employer mandates—can be implemented in as many as 36 states, including Pennsylvania.
Today, credit rating agency Moody’s downgraded Pennsylvania’s general obligation bond rating from Aa2 to Aa3, citing the state’s use of one-time budgetary stop-gap measures and the continued underfunding of public pensions. This marks the third credit downgrade from ratings agencies in as many years.
Today, the governor identified the special interests that oppose any kind of fiscally responsible pension reform: government union leaders,” commented Nathan Benefield, vice president of policy analysis for the Commonwealth Foundation. “That Gov. Corbett feels a line-item veto is needed to force action on this issue illustrates the immense power these government union executives wield in Harrisburg.
While state lawmakers approved a state budget without enacting pension reform, Detroit’s failure to address the same issue illustrates the painful consequences of inaction—a proposed 4.5 percent cut in benefits for retirees.
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Good news from the Pittsburgh School District, where the Pennsylvania Department of Education granted three year approval of Pittsburgh’s new teacher evaluation system. This despite the Pittsburgh Federation of Teachers’ efforts to undermine and weaken the standards it originally helped ...