Harrisburg accounting actually impacts teachers and students

Frank Farry voted to CUT education funding by over a billion dollars. Dont be fooled by his glossy mailers or Harrisburg-consultants TV ads.Hes trying to use non-classroom spending on mandatory pensions to claim he increased education funding, but the truth is, he voted to decrease classroom spending the budget that actually impacts teachers and students by over a billion dollars. This is the same type of misleading accounting that Corbett tried to pull in 2014. Dont be fooled.

His budget cuts hurt Neshaminy and Centennial, forcing our local school districts to raise property taxes, cut costs, and close schools.You can see for yourself by googling HB1485 Pennsylvania GOP budget slashes education funding by 1 billion dollars

President Donald Trump signed the Tax Cuts Jobs Act into law on December 22, and on January 1, some key details of the Internal Revenue Code will abruptly change.1There will be night-and-day change, both figuratively and literally. On January 1, the federal estate tax exemption will double the standard federal income tax deduction will nearly double. The top corporate income tax rate will fall from 35 to 21. Most business owners who make pass-through income will be able to deduct the first 20 of that income tax-free.2,3

Two provisions of the TCJA may also apply retroactively for some taxpayers. A larger federal tax deduction for out-of-pocket medical expenses is allowed not just for 2018, but also for 2017. Taxpayers who itemize may write off qualifying medical expenses exceeding 7.5 of income in 2017, instead of 10 of income. Businesses that bought new capital equipment after September 27, 2017 will be permitted to fully and immediately expense those purchases for the 2017 tax year.2

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