Please ensure Javascript is enabled for purposes of website accessibility Kenyatta votes ‘yes’ on historic $1.7 billion tax cut for Pennsylvanians

Kenyatta votes ‘yes’ on historic $1.7 billion tax cut for Pennsylvanians

Pennsylvania House Democratic Caucus    June 25, 2026 | 2:53 PM

This week, state Rep. Malcolm Kenyatta joined colleagues in voting ‘yes’ to H.B. 2224: the Return on Equity Act, which would ensure that Pennsylvanians aren’t financially burdened to increase profits for utility shareholders.

“Hardworking Pennsylvanians already struggle to pay rising utility costs and most people don’t realize that up to 20% of their electric bill goes right to shareholders. This is just pure greed. We must put people over profits – especially when Philadelphia is monopolized by utility companies; this bill gives companies a choice – accept a fair return on equity or allow the market to determine profit.

“Affordability is one of the biggest problems facing Pennsylvania residents right now, I’m happy to vote for any legislation that lessens financial burden on people across the commonwealth.”

The Return on Equity Act would eliminate nearly $1.7 billion in taxes that electric companies pass onto consumers.

It now heads to the Senate for consideration.