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Finance

After Wolf veto, EITC backers hope for compromise

State lawmakers are pushing to expand a program giving tax breaks to companies that donate to nonprofit educational and scholarship organizations, including private schools, but the governor is pushing back. This month he vetoed a bill that would have expanded the popular program, known as the Educational Improvement Tax Credit program.

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Guest view: A win for health care over big tobacco is at risk

A lot has changed since 1998, the year that Pennsylvania and 45 states stood up to big tobacco and helped create the Tobacco Settlement Fund, or TSF. Since Pennsylvania hospitals first began receiving money from the fund, it has been used to bolster health care in that state in a variety of ways. Gov. Tom Wolf’s budget plan kept the TSF whole, but The Hospital and Healthsystem Association of Pennsylvania is concerned that this year some lawmakers want to use TSF funds to instead pay state debt.

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Corporate distress calls for clear M&A process

Even during favorable economic conditions, certain companies will falter. While some of these companies may prove beyond repair, others can be turned around under proper leadership. But there is a process that needs to be followed for companies interested in purchasing these distressed companies, as outlined here>

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Hopes run high for trade-war resolution

As the trade war continues with China, observers in Central Pennsylvania and the Lehigh Valley hope the latest stalemate might budge if and when President Donald Trump meets with Chinese leaders at the international G-20 conference in late June and agree that both countries can resolve their disputes sooner rather than later.

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Guest view: Proposed tax could harm specialty surgical centers

In his budget address, Gov. Tom Wolf stated to applause, “This proposal asks for no new taxes. Not one dime. Not one penny.” Yet, as the General Assembly combs through the governor’s proposal, we find that there are, in fact, tax increases. One specific tax being proposed by the administration is a “double tax” on ambulatory surgical centers (ASCs) like the ones in my district. 

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