Keystone Playbook
Economy
Fiscal and Budgeting
Structural Balance
Structural balance rules produce a single top-line cap on a year’s spending to start the budget cycle. The cap will be less than revenue during booms and higher during recessions. This smooths out economic volatility while holding spending and revenue together over the business cycle.
Acceleration of the Corporate Net Income Tax Reduction
If enacted, this proposal would drop the corporate net income tax to 7.99% and decrease the CNIT rate each January 1st until a rate of 4.99% is achieved (5 years sooner than projected rates in Act 53).