Casey Reveals County-by-County Impact of New Small Business Tax Cut Bill

Casey Has Been Pushing Tax Cut for Small Businesses to Increase Hiring Since 2010

Legislation Would Give Pennsylvania’s 250,000 Small Businesses a 10% Tax Credit When They Hire or Increase Wages

WASHINGTON, D.C. - With a vote expected as soon as today, U.S. Senator Bob Casey (D-PA) today revealed the impact that the Small Business Jobs and Tax Relief Act would have on small businesses and their ability to create jobs in Pennsylvania.   

“The legislation I have been fighting for since 2010 would give Pennsylvania’s small businesses a 10 percent tax credit for hiring or increasing wages and provide an immediate boost to the economy,” Senator Casey said.  “This week Congress will have an opportunity to help small businesses create jobs, and I’m hopeful we can come together in a bipartisan manner to move this bill forward.”

As Chairman of the Joint Economic Committee (JEC), Senator Casey today released a new JEC report that underscores the impact of providing incentives for small business owners to add workers. Small businesses account for a substantial majority of business establishments and are responsible for a significant share of the hiring during the recovery.

The Small Business Jobs and Tax Relief Act would give small businesses a 10 percent income tax credit on new payroll for hiring new workers or increasing employee wages. There are nearly 250,000 small businesses in Pennsylvania.

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 report is available by clicking here.

A county-by-county breakdown of the number of small businesses that could benefit from the legislation is below:

Pennsylvania Establishments by Size of Business, 2009 

County Small Business Establishments
( < 500 employees)
Large Business Establishments
(500+ employees)
Small Business Establishments as a Percentage of All Establishments
Total 247,091 51,341 82.8
 

 
Adams 1,695 284 85.6
Allegheny 26,413 6,947 79.2
Armstrong 1,173 125 90.4
Beaver 2,826 607 82.3
Bedford 974 124 88.7
Berks 7,076 1,337 84.1
Blair 2,650 570 82.3
Bradford 1,133 208 84.5
Bucks 16,472 2,471 87.0
Butler 3,871 772 83.4
Cambria 2,875 564 83.6
Cameron 110 12 90.2
Carbon 1,022 118 89.6
Centre 2,658 522 83.6
Chester 11,725 2,135 84.6
Clarion 854 116 88.0
Clearfield 1,649 324 83.6
Clinton 640 91 87.6
Columbia 1,182 256 82.2
Crawford 1,851 257 87.8
Cumberland 4,429 1,312 77.1
Dauphin 5,209 1,657 75.9
Delaware 10,901 1,969 84.7
Elk 806 106 88.4
Erie 5,426 1,126 82.8
Fayette 2,358 388 85.9
Forest 97 14 87.4
Franklin 2,639 468 84.9
Fulton 260 24 91.5
Greene 577 154 78.9
Huntingdon 750 103 87.9
Indiana 1,697 285 85.6
Jefferson 1,031 128 89.0
Juniata 432 33 92.9
Lackawanna 4,476 939 82.7
Lancaster 10,161 1,820 84.8
Lawrence 1,703 301 85.0
Lebanon 2,241 395 85.0
Lehigh 6,555 1,924 77.3
Luzerne 6,058 1,321 82.1
Lycoming 2,325 480 82.9
McKean 924 152 85.9
Mercer 2,242 552 80.2
Mifflin 787 148 84.2
Monroe 2,962 533 84.7
Montgomery 21,223 4,721 81.8
Montour 301 121 71.3
Northampton 5,280 990 84.2
Northumberland 1,454 219 86.9
Perry 752 45 94.4
Philadelphia 21,367 5,420 79.8
Pike 848 69 92.5
Potter 320 51 86.3
Schuylkill 2,439 455 84.3
Snyder 655 184 78.1
Somerset 1,547 194 88.9
Sullivan 151 14 91.5
Susquehanna 842 41 95.4
Tioga 699 152 82.1
Union 772 126 86.0
Venango 1,000 186 84.3
Warren 779 133 85.4
Washington 4,196 795 84.1
Wayne 1,263 110 92.0
Westmoreland 7,722 1,233 86.2
Wyoming 552 63 89.8
York 7,015 1,632 81.1
County Not Specified 19 215 8.1

Note: An establishment is defined as a single physical location where business is conducted or where services or industrial operations are performed. Establishment sizes are based on the employment size of the firm in all industries and locations.

Source: JEC Chairman's Staff based on data from the U.S. Department of Commerce, Census Bureau.

###