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President Obama announced a new jobs plan that includes $70 billion in new tax breaks for small companies that do more hiring.
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President Obama announced -- new 450.
Billion dollar jobs plan.
That includes seventy billion in new tax breaks for small companies that do more hiring.
Those jobs bill and starting tomorrow small businesses will get a tax cut that they hire new workers or if they raise workers' wages.
-- jobs bill and all small business owners will also receive their payroll taxes cut in -- next year we targeted.
The employer payroll tax cut cutting that in half to the 98% of businesses who have payroll five million or last week think -- will make a big difference to them.
But the administration is not finished helping small businesses.
A member of the president's job council -- expect more initiatives from the White House later this year.
The facts have been working outside folks like MacKenzie -- take all the great ideas from all parties all organizations.
Business groups and non profit and so forth.
And analyze them we put together packets are really is a -- -- for his ability -- meeting with the president and probably three or four weeks.
Outline that that that plan that really will focus on aunt Virginia -- of you.
The start of America -- or something like that that really is doubling down on our nations on.
-- But some organizations that represent small businesses criticized the new jobs plan.
The US chamber of commerce said it fell short.
That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.
