Political Quotes

“I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record as follows: S. 2237 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Small Business Jobs and Tax Relief Act''. SEC. 2. TEMPORARY TAX CREDIT FOR INCREASED PAYROLL. (a) In General.--In the case of a qualified employer who elects the application of this section, there shall be allowed as a credit against the tax imposed by chapter 1 of the Internal Revenue Code of 1986 for the taxable year which includes December 31, 2012, an amount equal to 10 percent of the excess (if any) of-- (1) the sum of the wages and compensation paid by such qualified employer for qualified services during calendar year 2012, over (2) the sum of such wages and compensation paid during calendar year 2011. (b) Limitation.--The amount of the excess taken into account under subsection (a) with respect to any qualified employer shall not exceed $5,000,000. (c) Wages and Compensation.--For purposes of this section-- (1) Wages.--The term ``wages'' has the meaning given such term under section 3121 of the Internal Revenue Code of 1986 for purposes of the tax imposed by section 3111(a) of such Code.…”