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The Commonwealth Foundation is Pennsylvania's free-market think tank. The Commonwealth Foundation transforms free-market ideas into public policies so all Pennsylvanians can flourish.
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Today, Governor Tom Wolf vetoed historic pension reform legislation that would have safeguarded public employees’ retirements while protecting Pennsylvanians from burdensome tax increases.
Just as Pennsylvanians prepare to celebrate our nation’s independence, Wolf opted to keep consumers bound by a government system that offers less convenience, fewer choices, and higher prices.
Within hours of receiving the Legislature’s budget, Governor Wolf issued a blow to working families by vetoing the on-time, no-tax-hike spending plan. The truth is, Gov. Wolf’s own plan is grossly out of line with every other state in the union put together. All 49 other states combined are decreasing spending by $1.5 billion, yet Wolf is demanding a $4.6 billion increase for Pennsylvania.
Last night, the Pennsylvania Legislature sent a monumental public pension reform measure to Gov. Wolf’s desk that gives new state employees and school teachers a hybrid defined contribution and cash balance retirement plan.
Last night, the Pennsylvania General Assembly sent historic liquor privatization legislation to Gov. Wolf’s desk, promising to finally end Pennsylvania’s Prohibition-era, government-run monopoly of wine and spirits sales and join 48 other states that embrace some form of privatization.