Legislation Would Provide Financial Incentives to Small Businesses

Legislation Would Provide Financial Incentives to Small Businesses

Harrisburg – May 6, 2019 – With National Small Business Week (May 5- 11) now underway, state Sens. John Blake and Vincent J. Hughes today unveiled legislation that would create financial incentives to help small businesses succeed.One bill in the package would create tax-deferred savings accounts for small businesses to shift their tax burden.  The measure would allow profits to be deposited into tax deferred accounts.  If the money deposited in the account is subsequently used for job creation, then the dollars could be used tax free.

Legislation Would Provide Financial Incentives to Small Businesses

Small Business Development Focus of Senate Democratic Legislative Package

Harrisburg – June 7, 2018 – New legislation designed to aid small business through specific financial incentives such as tax-deferred savings accounts and exemptions from certain business fees was unveiled today by Senators Vincent J. Hughes (D-Philadelphia) and John Blake (D-Lackawanna).

Senate Democrats Outline Legislation to Combat Opioid and Heroin Crisis

Harrisburg, May 18, 2016 – With drug overdose deaths reaching epidemic levels, Senate Democrats unveiled legislation today to address the opioid addiction crisis from prevention through recovery. “Addiction is a disease that does not discriminate and there is no easy...

Senate Democrats’ Small Games Plan Now Backed by Governor

Harrisburg – October 24, 2013 – State Senate Democrats said today they were pleased that Gov. Tom Corbett has now signaled his approval of their plan to direct revenues generated from small games of chance in taverns to the Lottery Fund. The Democratic plan would bolster lottery programs and create a potential funding source for a property tax freeze benefitting seniors.

$300 Million Education Common Core Mandate Threatens Graduation

Harrisburg, May 13, 2013 – A new unfunded education mandate now being quietly pursued by the Corbett administration will soon saddle school districts with a $ 300 million expense and threaten graduation for thousands of students across Pennsylvania, Senate Democrats said today at a Capitol news conference.