House lawmaker wants Congress to reimburse PA pension funds for quantitative easing losses

House lawmaker wants Congress to reimburse PA pension funds for quantitative easing losses

Rep. Frank Ryan (R-Lebanon) struck an incremental win in his fight to have the federal government reimburse what he believes are state and municipal pension funds losses due to the Federal Reserve’s policy of quantitative easing in response to the 2008 economic downturn spurred by the subprime mortgage crisis when the House State Government Committee passed a resolution seeking Congress to reimburse Pennsylvania for the losses.

Tuesday, October 17, 2017/Author: Jason Gottesman
Categories: News and Views
Senate Bill 1 begins advance through House

Senate Bill 1 begins advance through House

Senate Bill 1—the major pension reform bill making its way through the General Assembly—easily cleared the Senate by a vote of 40-9 Monday afternoon. Within only a few short hours, the legislation was quickly taken up by the House State Government Committee where it advanced to full House along bipartisan lines.

Monday, June 5, 2017/Author: Jason Gottesman
Categories: News and Views

House members return to session with deep divides

The House of Representatives returned to Harrisburg Tuesday for a rare mid-July voting session and rank-and-file members of that chamber expressed frustrations and divides as deep as those in their leadership responsible for negotiating a new spending plan.

Rep. Lee James (R-Venango) told The PLS Reporter that while his district hasn’t seen the mailers sent to mainly Republican House districts in the southeast, he reported those of his district are happy with his vote in support of the Republican-crafted budget plan.

“I’m trying to hold the line on increasing taxes and that’s their main concern,” he said.

While he said he received about 100 “canned presentations” from school teachers, after he explained to people why he voted the way he did many reported that their union did not tell them about what the governor’s revenue plan would mean for them.

Giving a literal thumbs down to whether he’d support new revenue sources, Rep. James indicated new taxes are a non-starter for him.

“It’s kind of a non-event out in the western part of Pennsylvania as long as I hold the line on taxes,” he stated.

Tuesday, July 21, 2015/Author: Jason Gottesman
Categories: News and Views
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