Political Quotes

“So a warehouse with a payroll last year of $7 million that this year hires 40 new workers, it would add $2 million to its payroll. It would get a full refund of the 6.2 percent payroll taxes paid on the $2 million of payroll. How much is that? That's $124,000 that goes immediately to the bottom line of that warehouse. In addition to that, they have already seen a 3.1 percent reduction--actually, it's a 50 percent reduction in their payroll tax for workers who were already there, and that's another $155,000. So we are looking here at $279,000 of reduced expenses, taxes, to that company. That means that they can improve the warehouse. That means they can expand or hire more workers. This is in the President's American jobs program specifically for small businesses. Listen up, America. Listen up businesses out there. There is an opportunity here for you to immediately expand your business, reduce your payroll taxes, hire new workers, bringing a new worker on that has been on long-term unemployment and paying no payroll taxes for the next year. This is very, very important and very big, and it is immediately available as soon as the leadership, the Republican leadership in this House, brings the American jobs bill to the floor. Mr. Cohen, if you would like to carry on here, I know you have some more thoughts. {time} 1540”