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FBN's Peter Barnes breaks down House Republicans' proposed plan to cut taxes for small businesses and create jobs.
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-- -- tax day just the occasion for Republicans in the house to introduce well some new tax legislation.
Also a great opportunity for fox business's Peter -- to take a look at how this money -- -- -- -- They think -- last night the senate voted out the Buffett rule -- democratic initiative championed by President Obama of course today house Republicans are countering.
With their own tax -- -- a 46 billion dollar tax cut.
For small business says that they say will help create more jobs now the bill would cut business taxes by 20%.
For companies with fewer than 500 employees -- 4012 and 2013.
And the -- what apply to all small companies regardless of how they are organized whether a corporation a partnership a sole proprietor -- Critics say.
It would benefit plenty of higher income people however like lawyers and lobbyists and real estate developers who used partnership structures you know those those Buffett types so the critics are calling it the anti Buffett rule.
They also say its deficit financed Republicans say there are savings and their budget the Ryan budget to pay for it.
They will vote on the bill on Thursday to keep this tax issue.
Front and center for the entire week they McConnell thank you Peter Peter minds in Washington.
