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This week, the administration looks to pass the president’s jobs bill by raising taxes on America’s upper class.
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President Obama holding an east room press conference to push hard for 450 billion dollar jobs bill.
Which -- will help small businesses with a payroll tax -- Jobs bill would cut taxes for virtually every worker and small business in America.
If -- small business owner.
That hires someone or raises wages you would get another tax cut if you hire a -- you get a tax cut.
Right now there's small business and Ohio that does high tech manufacturing and they've -- expanding for the past two years.
They're considering hiring more in the tax break would encourage them to do.
A Republican opposition to the president's plan Harden.
When senate Democrats announced they want to pay for all of that with a new five point 6% tax surcharge on families earning more than a million dollars a year.
Four out of five of these so called -- -- small business.
Over 300000.
Job.
In -- country would be impacted by this supposedly harmless stocks.
Sure Cox.
Point 6% up on -- -- there.
What the administration refuses to acknowledge that there are a lot of businesses who don't pay taxes like a corporation -- taxes as individuals.
The senate is scheduled to vote on the president's jobs plan shortly.
That's it for this edition of the small business report I'm Peter Barnes Fox Business Network.
