PA Chamber Supports Measure to Oppose Changes to IRS Reporting Requirements

Last week, the state House passed H.R. 150, that urges Congress to oppose the U.S. Treasury’s proposed changes to IRS reporting requirements. The resolution passed 181-19, with Representatives Kurt Masser and David Millard supporting the resolution.

The proposal would require financial institutions to report aggregate deposit and withdrawals information from customers’ business and personal accounts to the IRS without their consent.  The reporting requirements would apply to personal or business savings, transactional, loan and investment accounts.  The proposal would require financial institutions to report inflows and outflows of more than $600.

The PA Chamber supports the resolution because it presents extreme privacy rights issues and data security concerns for millions of Pennsylvania citizens and businesses. In recent weeks, The Chamber sent memos to the House and Senate urging opposition to the Treasury Department’s proposed sweeping overreach.

What the Federal Infrastructure Package Means for Pennsylvania

Aggregated from the U.S Chamber of Commerce, PA Chamber of Business & Industry, & U.S. Senator Bob Casey

 
The Infrastructure Investment and Jobs Act, passed by Congress in early November, makes a record investment in our nation’s infrastructure, but despite its popularity, many still have questions about what exactly is in the final legislation. Some highlights of the bill are as follows:
 

The IIJA makes the biggest investment in passenger rail since the creation of Amtrak and the single largest dedicated bridge investment since the construction of the interstate highway system.

The bipartisan infrastructure bill is 100% real infrastructure. It funds $1.2 trillion in physical infrastructure, including $550 billion in new funds for much needed investment. Here’s how it breaks down:

 

  • $387 billion (46.3%) for highways and bridges ($12.9 billion for Pennsylvania)
  • $96 billion (11.5%) for transit ($2.8 billion for Pennsylvania)
  • $66 billion (7.9%) for rail
  • $65 billion (7.7%) for broadband ($100 million for Pennsylvania)
  • $54.21 billion (6.4%) for energy grid infrastructure and technology
  • $48.4 billion (5.8%) for water and wastewater infrastructure (Replacement of 160,000 lead service lines in Pennsylvania)
  • $31.1 billion (3.7%) for western water and power, wildfire management, and dam safety
  • $26.7 billion (3.1%) for ports, maritime, and inland waterways infrastructure
  • $25 billion (3%) for aviation
  • $18.5 billion (2.2%) for economic development, public buildings, and agency operations
  • $17.9 billion (2.1%) for mine/well cleanup and environmental remediation ($3+ billion for Pennsylvania)

The infrastructure bill’s energy provisions direct funding for traditional fossil fuels and the technologies needed to capture and remove carbon emissions, as well as advanced nuclear, renewables, and batter technology. It also expands access to domestically sourced critical minerals and finances the retrofitting and “hardening” of power grids so that our communities can better withstand the impact of natural disasters. The strict 100% renewable energy mandates of the Green New Deal are NOT a part of the Infrastructure Investment and Jobs Act

The bipartisan infrastructure bill repurposes existing reserves of more than $225 billion from unused unemployment insurance and unused COVID aid to finance projects in the bill.

Member News – November 10, 2021

Eric Pangelinan and Kim Groshek join the Community Giving Foundation Team

The Community Giving Foundation announced the hire of two new staff members, expanding the Foundation team to better serve donors and community partners in timely and efficient ways through a continued commitment to personalized philanthropy and community giving stories.

Eric Pangelinan joins the Foundation in the new position of Operations Assistant. In his role, Eric works closely with the Foundation’s Chief Advancement Officer and Chief Financial Officer to utilize the Foundation’s database software to its fullest capabilities. He also provides support to the development and finance departments by processing incoming donations, offering technical support to donors and fundholders, and organizing department meetings with boards, staff, and other stakeholders. Prior to joining the Foundation team, Eric served as a Conference Officer for the Columbia-Montour Domestic Relations Office. He holds a Bachelor of Arts from Bloomsburg University in both Political Science and Philosophy. Eric is a native of the Berwick/Nescopeck area and is dedicated to helping the community he calls home grow and improve every day.

Kim Groshek serves as the Foundation’s new Administrative Assistant, welcoming visitors at the Berwick office front desk and providing a wide range of office support for the President/CEO and staff to facilitate effective and efficient operations. Prior to joining the team, Kim worked as a para-professional for many years before becoming a receptionist for the Berwick Area School District. She has lived in the Berwick community most of her life.

“We are very excited with the additions of Eric and Kim to the Foundation this year. Both bring new excitement and a set of skills that will only enhance what already exists with our office staff as we remain committed to building relationships with our current and new stakeholders through personalized services and giving options. Our office is now a strong team of eight, and I look forward to all we can do together to continue serving the communities across our region,” writes Holly Morrison, Foundation President/CEO.

The new members join the following Foundation staff: Holly Morrison, D.Ed., President and CEO; Al Meale, Chief Financial Officer; Kara G. Seesholtz, Chief Advancement Officer; Christine Orlando, Senior Program Officer; Karri Harter, Program Associate; and Katie Simpson, Communications & Events Associate.

The Community Giving Foundation manages over 300 charitable funds and makes grant investments throughout the region to improve the quality of life in the Central Susquehanna area. In partnership with affiliates in BerwickBloomsburgDanvilleSelinsgrove, and Sunbury, the Foundation continues to tell stories of community giving.

PennDOT Hosting Public Meetings For I-80 Bridge Tolling Plan

The Interstate 80 Nescopeck Creek Bridges, which cross Nescopeck Creek in Luzerne County, are aging and do not meet current design standards, according to PennDOT. A project to replace and widen the bridges to provide wider shoulders that meet current standards and accommodate and facilitate future maintenance activities on the bridge is proposed starting in 2023. This project is a candidate for bridge tolling through the PennDOT Pathways Program’s Major Bridge Public-Private Partnership Initiative.

PennDOT is hosting an on-demand virtual public meeting for the project beginning at noon on Nov. 15 through Dec. 15, 2021. Members of the community can access this by visiting www.penndot.gov/i80Nescopeck and clicking the virtual public meeting link beginning at noon on Nov. 15. There will also be an in-person open house public meeting on Dec. 7 from 4 p.m. to 7 p.m. at Nescopeck Social Hall, 510 Zenith Rd., Nescopeck, PA 18635/

Based on traffic evaluation, analysis and feedback received during a prior workshop, diversion route improvements have been proposed to mitigate the impacts of potential toll implementation. A virtual Diversion Route Workshop Follow Up on the I-80 Nescopeck Creek Bridges Project on Monday, Nov. 15 from 10:30 a.m. to 11 a.m. via Microsoft Teams. Workshop can be found HERE.

Prices Are On the Rise; Shop Smart for the Energy that’s Right for You

By Tracie Witter, PPL Electric Utilities, Regional Affairs Director

If you’ve been to the store lately, you’ve probably noticed that prices are going up.

From beef to gas, and just about everything in between. But, just like you’d shop around for the best price on everyday goods, it’s important to know that you can also do the same with your electricity supply.

PPL Electric Utilities delivers your electricity, but we don’t own the power plants where that electricity is generated. And, for more than two decades in Pennsylvania, consumers have had the ability to shop around and choose the electricity supplier that is right for them, such as the lowest cost provider or a renewable energy generator. 

With costs – including the prices of energy supply – on the rise, now is the perfect time to shop around to make sure your supplier is offering you the best rate possible.

When you do venture into the electricity marketplace, remember to shop smart. Be aware of variable rates, which start small and then increase depending on the price of power. Watch out for deceptive marketing tactics, beware hidden early termination fees, and always be sure to read the fine print on any contract you sign with a supplier.

If you do not choose a supplier, you receive default supply through PPL Electric Utilities per state law. We hold competitive energy auctions twice a year, in which we secure a supply at the lowest rate offered, and then pass that supply on to customers without any markup.

We don’t profit from supply generation, so we have no vested interest in who you choose to supply your electricity. We just want to help you keep your bills as low as possible.

To help customers in the shopping process, we recently redesigned our bills to make it easier to identify your current supplier information and we also offer numerous web resources at the new pplelectric.com/shopsmart.

Don’t leave money on the table.

Shop smart today for the electricity supplier that’s right for you and save.

Added from the Chamber with permission: The Chamber’s energy partner, World Kinect Energy Services, can take much of the work out of choosing an energy supplier for your business. Simply provide them with some basic information, and they can provide options for electricity, natural gas, and liquid fuels. World Kinect is not a supplier, so their goal is to find the solutions to best fit your needs and comfort level. Contact them for a free, no-obligation consultation at 412-424-2599. You can easily sign up for the residential or small business fixed rate program through our website, columbiamontourchamber.com/benefits.