News

Wolf: Wealthy should pay more to cut school taxes

Written by The Associated Press | Jul 28, 2014 6:29 AM
tomwolf_apinterview.jpg

Photo by AP Photo

Pennsylvania Democratic gubernatorial candidate Tom Wolf speaks during an interview with The Associated Press Friday, July 25 in Philadelphia.

(Philadelphia) -- Democratic gubernatorial candidate Tom Wolf says he'd look to increase income taxes on Pennsylvania's higher earners to expand the state's share of public education funding.

In an interview with a panel of Associated Press reporters and editors Friday afternoon, Wolf says he'd tie the increase to a dollar-for-dollar reduction in local property taxes levied by school boards.

Wolf's goal would be to raise the state's share of public school costs to 50 percent. That's a shift of several billion dollars a year. It currently pays about one-third, while property taxes shoulder more than 40 percent.

Wolf's plan to reshuffle school funding would accompany his proposed overhaul of the 43-year-old income tax to target higher earners.

Wolf is challenging Republican Governor Tom Corbett in the Nov. 4 election.

Published in News

Tagged under , , , ,

back to top

Post a comment

Support for witf is provided by:

Become a witf sponsor today »

witf's Public Insight Network

Grave 43: Remembering Pony

National Edward R. Murrow Awards

DuPont Columbia Awards

Support Local Journalism

Latest News from NPR

Support for witf is provided by:

Become a witf sponsor today »