On the recordDecember 6, 2011
Can I interrupt for just a second? The American Jobs Act, which we're trying to push through this Congress to get men and women back to work, provides a tax reduction for the employer on wages less than $50 million. So for your childcare provider, for the small business person, the carpenter out there in the small business, they also get a 50 percent reduction in their payroll tax. So instead of 6.2, it goes to 3.1. So this isn't just for the wage earner. This is also for the business person.
Source
govinfo.gov




