“Pennsylvania’s tax policy is better than our neighboring states, which is good, comparatively. But it’s expensive and time consuming for small businesses when they already have limited time and resources to run the business. Unfortunately, taxes are a necessary evil; therefore we must pay them.”
—Kevin Jones, president, Ectobox Inc.
“If you are paying taxes, you must be making money. The challenge many business owners have with Pennsylvania is the CNI (corporate net income tax). The Pennsylvania CNI of 9.99 percent is the second-highest rate in the nation. This needs to be lowered to at least 7.9 percent to move us into the middle of the pack.”
—Lou Musante, partner emeritus, Echo Strategies
“The good news is that Pennsylvania has started to recognize the importance of small business. Specifically, small manufacturers and several proposals for tax changes are in the system. However, unemployment insurance premiums and property taxes make our state expensive for any business. Attempts to develop ‘opportunity zones’ and hiring tax credits may be a start for some businesses in the state, but payroll tax burdens hit everyone monthly.”
—Chuck Fluharty, president, Apex CNC Swiss Inc.
Original post by Malia Spencer of the Pittsburgh Business Times