Tax Break Will Help Create Jobs
A new tax break may create up to one million new jobs.
The Small Business Jobs and Tax Relief Act gives a tax break to small businesses that hire and create jobs. The act gives a 10% break to small businesses expanding their payroll.
Regional Economics Inc. predicts the act will add $87 to the GDP, create over 990,000 jobs, and increase personal incomes by about $73 billion.
“Creating close to one million jobs would put a meaningful dent in the unemployment problem,” said New York Sen. Chuck Schumer.
Will you company benefit from the Small Business Jobs and Tax Relief Act?