Casey-Backed Bill Would Help PA Small Businesses Create Jobs

County-by-County Report Reveals How Much Small Businesses Could Save

WASHINGTON, DC – U.S. Senator Bob Casey (D-PA) today revealed how much small businesses in Pennsylvania could save through the Small Business Jobs and Tax Relief Act of 2012, legislation based on a bill Senator Casey introduced in 2010 to help businesses create jobs.

“Small businesses are at the center of the economy and vital to our recovery,” said Senator Casey. “This is why Congress must pass the Small Business Jobs and Tax Relief Act of 2012. This bill, which includes a business payroll tax incentive similar to legislation I introduced in 2010, will make it easier for small businesses to grow and encourage economic growth throughout the state.”

The legislation would give small businesses a 10 percent income tax credit on new payroll for hiring new workers or increasing employee wages.

According to the Congressional Budget Office (CBO), a tax credit based on increased payroll would create the most jobs and have the greatest positive impact on America’s gross domestic product (GDP) when compared to other job creation policies currently under debate.

The credit will be available for one year beginning with the 1st full quarter following enactment. The legislation is set to be debated in the Senate soon.

Small businesses would see thousands of dollars in tax savings per worker under the legislation Senator Casey is supporting.  A county-by-county breakdown of potential savings for Pennsylvania companies is below:

County

Average Tax Saving Per Worker

% of Employers
which are small businesses**

Adams

$3,322.80

97.5%

Allegheny

$5,184.40

96.9%

Armstrong

$3,629.60

98.8%

Beaver

$3,822.00

97.9%

Bedford

$2,990.00

98.5%

Berks

$4,056.00

97.1%

Blair

$3,359.20

96.9%

Bradford

$3,707.60

98.4%

Bucks

$4,446.00

97.7%

Butler

$4,154.80

97.5%

Cambria

$3,317.60

98.0%

Cameron

$3,302.00

98.4%

Carbon

$2,771.60

98.4%

Centre

$4,004.00

97.9%

Chester

$6,052.80

97.5%

Clarion

$3,042.00

98.4%

Clearfield

$3,208.40

98.3%

Clinton

$3,411.20

95.3%

Columbia

$3,307.20

96.3%

Crawford

$3,244.80

98.3%

Cumberland

$4,238.00

96.7%

Dauphin

$4,622.80

91.1%

Delaware

$5,215.60

97.5%

Elk

$3,468.40

97.3%

Erie

$3,614.00

97.3%

Fayette

$3,229.20

97.9%

Forest

$3,551.60

97.4%

Franklin

$3,437.20

97.6%

Fulton

$3,478.80

98.3%

Greene

$5,012.80

97.4%

Huntingdon

$3,062.80

98.3%

Indiana

$3,811.60

97.6%

Jefferson

$3,229.20

98.0%

Juniata

$2,844.40

98.7%

Lackawanna

$3,458.00

96.8%

Lancaster

$3,816.80

97.1%

Lawrence

$3,447.60

97.9%

Lebanon

$3,432.00

97.4%

Lehigh

$4,570.80

97.2%

Luzerne

$3,556.80

94.1%

Lycoming

$3,582.80

96.6%

McKean

$3,598.40

97.7%

Mercer

$3,426.80

97.4%

Mifflin

$3,094.00

87.6%

Monroe

$3,811.60

98.0%

Montgomery

$6,229.60

97.0%

Montour

$5,272.80

95.5%

Northampton

$4,113.20

97.6%

Northumberland

$3,286.40

97.3%

Perry

$2,683.20

99.3%

Philadelphia

$5,610.80

96.8%

Pike

$2,943.20

98.8%

Potter

$3,473.60

98.5%

Schuylkill

$3,343.60

97.2%

Snyder

$2,896.40

97.7%

Somerset

$3,224.00

97.9%

Sullivan

$2,828.80

98.8%

Susquehanna

$3,057.60

99.4%

Tioga

$3,260.40

98.4%

Union

$3,520.40

97.7%

Venango

$3,525.60

97.9%

Warren

$3,192.80

97.7%

Washington

$4,508.40

91.7%

Wayne

$3,182.40

98.7%

Westmoreland

$3,723.20

98.0%

Wyoming

$3,785.60

98.0%

York

$4,102.80

96.6%

** Based on data from the Pennsylvania Small Business Development Centers from 2008