A report by the Associated Press indicates that both bills passed the senate by a vote of 31-19, with 2 democrats voting with republicans to roll back the tax, which currently stands at 9.9%, one of the highest corporate tax rates in America. But, Gov Wolf said he will work to get the bills passed, but not until he has a say in what he thinks the rate should be. The bills are two fold..One Has the rate being cut by .5% annually until the rate is lowered to 6.9%. The second bill, has the cut going at 1% until the rate is cut to 6.99%. The state would then lose by the time the 26-27 fiscal year arrives between $1 billion to $1.7 billion each year.
