Graph Neural Networks (GNNs) have achieved great success on graph-structured data, and their applications on traditional data structures such as natural language processing and semi-supervised text classification have been extensively explored in recent years. While previous works only consider the text information while building the graph, heterogeneous information such as labels is ignored. In this paper, we consider to incorporate the label information while building the graph by adding text-label-text paths, through which the supervision information will propagate among the graph more directly. Specifically, we treat labels as nodes in the graph which also contains text and word nodes, and then connect labels with texts belonging to that label. Through graph convolutions, label embeddings are jointly learned with text embeddings in the same latent semantic space. The newly incorporated label nodes will facilitate learning more accurate text embeddings by introducing the label information, and thus benefit the downstream text classification tasks. Extensive results on several benchmark datasets show that the proposed framework outperforms baseline methods by a significant margin.