Brewster Details “Extraction for Education” Plan

Proposal features shale tax levy, education trust fund, fee credit

Harrisburg – Dec. 16, 2014 – State Sen. Jim Brewster (D-Allegheny/Westmoreland) will soon introduce a plan that would earmark revenue from a new shale gas extraction tax for public schools while retaining current well impact fees that support local government operations.

“My ‘Extraction for Education’ proposal is simple, reasonable and credible because it uses the proceeds of an extraction tax to support education,” Brewster said. “Yet it also retains funds that are currently generated from impact fees for use by local and state government. Pennsylvania taxpayers, school children, teachers and others who are involved in the education community have paid a high price because the Corbett administration has failed to embrace a responsible shale gas extraction tax.”

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Tax Advantages, Savings Boost for 529 Contributions, Brewster Says

PA 529Harrisburg – Dec. 17, 2014 – To better manage the cost of higher education and cut tax liability this year, state Sen. Jim Brewster (D-Allegheny/Westmoreland) today reminded students and parents that contributions to an approved college savings plan by Dec. 31 are tax deductable.

“The high cost of a college education is a real challenge for students and parents,” Brewster said.  “A 529 plan helps families manage costs and provides a means to reduce tax obligations.”

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