On Tuesday, Senate rejected Obama’s $447 billion jobs plan. The American Jobs Act would have impacted payroll in several ways such as cutting payroll taxes in half for 98 percent of businesses, A “Returning Heroes” tax credit, and a $4000 tax credit to employers for hiring long-term unemployed workers. For the full fact sheet please visit Fact Sheet: The American Jobs Act
With the plans legislative life behind it, smaller components of the American Jobs Act are likely to be presented independently.
