Targeting Businesses Avoiding Taxes in Pennsylvania

By Mario Scavello, Chairman of the House Labor and Industry Committee House Bill 440 would close ‘Delaware Loophole,’reduce tax rate for PA businesses Pennsylvania is one step closer to creating a more hospitable business environment, as legislation to close the “Delaware
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Ambassador Marantis Discusses U.S.–EU Economic Relationship

The United States is optimistic that the proposed Transatlantic Trade and Investment Partnership (TTIP) could provide an additional boost to an already successful U.S.–European Union economic relationship, Acting U.S. Trade Representative Demetrios Marantis told a Washington audience May 15. He spoke at a round table (more...)

Pennsylvania Film Tax Credit Program

Led by Sen. Lisa Boscola (D-Northampton) and Rep. Mike Sturla (D-Lancaster), the Senate and House Democratic Policy committees today held a joint hearing to discuss Pennsylvania’s film tax credit program and its affect on the state’s film and television industry. “Jobs and economic development (more...)

House Committee Moves Philadelphia Property Tax Legislation

Three pieces of legislation, which deal with curtailing property abandonment and blight and with ensuring the collection of property taxes at fair rates to taxpayers in Philadelphia, may now be voted by the full House following unanimous passage today by the House Urban Affairs Committee, chaired by state Rep. (more...)

Senate Discussion Focuses on Modernizing Pennsylvania’s Liquor Control Board

As discussions regarding privatization of Pennsylvania’s Liquor Control Board (PLCB) operations continue, the Senate Democratic Policy Committee today held a roundtable discussion at the Plumbers’ Union Local #690 to talk about how to protect the PLCB from privatization through modernization and streamlining of its operations. The discussion, held at the (more...)

Economics at Core of U.S. Foreign Policy, Kerry Says

By Phillip Kurata Staff Writer Secretary of State John Kerry says economics is at the core of U.S. foreign policy. Testifying at the Senate Foreign Relations Committee April 18, Kerry said his recent trips to Europe, the Middle East and Asia have strengthened his conviction that a foreign policy based on (more...)

Treasury Secretary Affirms U.S. Support of World Bank

By Kathryn McConnell Staff Writer The Obama administration will continue to work with the World Bank and other multilateral institutions to promote global prosperity and to help low-income countries build resilience to climate change, Treasury Secretary Jacob Lew said in an April 19 statement to the Development Committee (more...)

Bounced Checks Cost the City Of Philadelphia Nearly $347,000

Inadequate revenue collections and severe breakdown in communications among City departments about how to process bounced checks cost the City nearly $347,000 in uncollected revenue between June 2011 and June 2012, according to a report released by the Philadelphia Office of the Inspector General, which called for an overhaul (more...)

IMF Projects Modest Global Growth in 2013

By Kathryn McConnell Staff Writer The global economy is expected to grow a modest 3.3 percent in 2013 and a slightly improved 4 percent in 2014, the International Monetary Fund reports. In its World Economic Outlook released April 16, the IMF warns that old dangers to advanced economies remain as (more...)

Spurring Energy-Related Jobs In PA Through Marcellus Works

Thanks to the Marcellus Shale natural gas industry, Pennsylvania has the opportunity to grow the economy and encourage the development and growth of small businesses and the much-needed jobs they will bring in the clean-energy market. The full House will consider a package of bills known as “Marcellus (more...)

How Do Increase Minimum Wage In PA?

Rep. Ed Neilson, D-Phila., introduced legislation today to increase the state minimum wage. "The minimum wage was implemented to ensure a living wage for working families and individuals. However, many of these families who depend on full-time minimum wage incomes are still living below the poverty line,” Neilson (more...)

U.S. Dollars Designed to Outsmart Counterfeiters

By Stephen Kaufman Staff Writer As the world’s most actively traded and principal reserve currency, the U.S. dollar is probably the most instantly recognized form of money on the planet. Its wide use also makes it a prime target for counterfeiters, so the U.S. Department of the Treasury’s Bureau (more...)

Fight Illicit Trade with Public-Private Partnerships, U.S. Says

By Phillip Kurata Staff Writer The United States is urging international action to fight illicit trade that is spreading at an alarming rate and undermining global growth and stability. Illicit trade covers everything from counterfeit designer bags to bogus medicines, weapons and humans themselves. “No single government or company can design and (more...)

Trade with Emerging Markets Benefits U.S., Study Says

Rapid economic growth in emerging economies benefits the U.S. economy by expanding markets for U.S. exports and providing U.S. producers and consumers with cheaper and more varied goods, according to a new study. The study, Rising Tide: Is Growth in Emerging Economies Good for the United States?, published (more...)

Philadelphia Opens 6 Financial Empowerment Centers In The City

The City of Philadelphia launched six Financial Empowerment Centers to provide free, confidential, professional financial counseling to Philadelphia residents. Philadelphia is one of five U.S. cities opening Financial Empowerment Centers thanks to a grant from the Cities for Financial Empowerment (CFE) Fund. The $3.3 (more...)