The JOBS Act of 2009, H.R. 4100
Jumpstarting Our Business Sector
As unemployment numbers continue to rise above 10% and the federal “stimulus” shows little signs of actually being able to fix our economy, Congressman Paul Broun has introduced H.R. 4100, the JOBS (Jumpstarting Our Business Sector) Act of 2009, to provide relief to small businesses so they can create jobs, while also rescinding and recouping all unspent tax dollars from the American Recovery and Reinvestment Act.
The JOBS Act would enact a few very simple steps that would help small businesses hire more people, and save tax dollars from a failed plan:
- Two Year Moratorium on All Capital Gains Taxes
- Two Year Moratorium on All Dividends Taxes
- Two Year Reduction on Payroll Tax Rate from 6.2% to 3.1%
- Two Year Reduction on Self-Employed People Tax Rate from 15.3% to 7.65%
- Two Year Reduction on Corporate Tax Rate from 35% to 25%
- Two Year Reduction on the Two Lowest Income Tax Brackets to 5% and 10%
- Rescission and Recoupment of All Unspent “Stimulus” Dollars
To read the text of the JOBS Act, scroll through the pdf below:
