Stack Announces Tax Relief for Philadelphia

PHILADELPHIA, May 2, 2008 – Gaming-generated property and wage tax relief estimates were disclosed according to Sen. Mike Stack (D-Philadelphia).

“Philadelphia has one of the highest wage tax rates in the nation,” Stack said. “This tax discourages businesses from locating and expanding in our city.  People will finally receive relief from the burden of property and wage taxes and I believe this will help our city.”

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Stack Announces Persian Gulf Veterans Benefit Program Now Open

PHILADELPHIA, APRIL 15, 2008 – Pennsylvania veterans who served in the Persian Gulf Conflict can now apply for a bonus of up to $525, according to state Sen. Mike Stack.

“This program recognizes the service and sacrifice of our Persian Gulf veterans, who answered our nation’s call to duty with valor,” Stack said. “I encourage these veterans or their surviving loved ones to apply for this well-deserved bonus.”

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Stack Honors Father Judge Model UN Team's Achievements at the Capitol

HARRISBURG, APRIL 9, 2008 – State Sen. Mike Stack this week hosted the world champion Father Judge High School Model United Nations team at the Capitol in Harrisburg.

The team and their coach, the Rev. John Hurley, received a Senate citation and were recognized during the April 7 Senate session.

“This team is made up of an exceptional and dedicated group of young men, and Father Hurley has given them solid guidance and lifelong skills,” Stack said. “I’m honored to welcome them to the Capitol today. They deserve recognition for all their hard work.

Over the years, Father Judge Model UN has won numerous awards.

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Stack Announces Major Funding to Historic Glen Foerd

State Sen. Mike Stack (D-Philadelphia) today announced major state funding for the Glen Foerd on the Delaware Preservation Project during a news conference today at the historic site.

“Not only is Glen Foerd a tribute to a past era, but it’s also a haven for the entire community to explore and celebrate special events,” Stack said. “That’s why we must take care to preserve this gem for generations to come."

The $100,000 grant, presented to the Glen Foerd board of directors, will be used toward repairing the roof, protecting the structural integrity of the house, protecting valuable artwork, improving the drainage system, and protecting the historical value of Glen Foerd.

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Stack Applauds Passage of Mortgage Foreclosure Protection Bills

State Sen. Mike Stack said that today’s Senate passage of a package of mortgage foreclosure protection bills is a good start to ensuring that Pennsylvania has a fair mortgage industry.

The measures (Senate Bills 483, 484, 485, 486, 487 and 488) increase penalties, give the Pennsylvania Department of Banking new enforcement powers to get predatory lenders out of the mortgage industry, and create licensure for mortgage originators.

The legislation would protect consumers and help strengthen the mortgage industry, which has been reeling from the effects of an economic slowdown and bad loans, said Stack, who is the Democratic chairman of the Senate Banking and Insurance Committee.

“As Pennsylvania prepares for more difficult economic times, it is imperative that we craft proactive solutions to safeguard our housing industry,” Stack said. “After all, the housing industry is not only important to consumers and the American Dream, it is an important part of our overall economy.”

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