Commonwealth Foundation Applauds Senate’s Passage of Historic Tax Cuts

Harrisburg, Pa., May 7, 2024 — Today, the Pennsylvania Senate passed Senate Bill (SB) 269, a bill to substantially reduce personal income taxes and lower Pennsylvanians’ electricity bills. Advanced by a vote of 36 to 14, the legislation demonstrates the Senate’s commitment to prioritize the needs of our state’s taxpayers and resist unnecessary government spending.

Commonwealth Foundation Senior Vice President Nathan Benefield issued the following statement in response:

“We applaud the Senate for putting taxpayers first and passing SB 269.

“Voters overwhelmingly express concerns with the rising cost of living. Simultaneously, they believe Governor Shapiro’s proposed budget spends too much and want lawmakers to reduce wasteful government spending.

“In contrast to Shapiro’s massive, unending deficit spending and proposed energy taxes, the Senate plan would keep more money in the hands of working families while reducing energy costs.”

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The Commonwealth Foundation turns free-market ideas into public policies, fostering prosperity for all Pennsylvanians.