Pa. Senate Democrats advance jobs initiative

HARRISBURG, Pa. - February 23, 2011

The "PA WORKS" proposal unveiled Wednesday would spur financing for small businesses, consolidate an array of job-training programs, increase and expand the job-creation tax credit and overhaul the state's corporate tax laws.

The Democratic senators, who are in the minority, say the proposals would be financed largely by tapping a half-billion-dollar balance in the Commonwealth Financing Authority.

It also would once again slow down the scheduled phase-out of the state's Capital Stock and Franchise Tax to free up $80 million.

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