Betting on the Jobs Act
President Obama proposed the American Jobs Act to stimulate job growth. Of course, it is too soon to know what parts of his proposal Congress will approve, but what the president proposes suggests that at least some businesses might benefit from increased government spending.
The jobs act includes spending on infrastructure projects, including the modernization of roads, rail, airports and waterways, as well as schools, and the rehabilitation of homes and businesses that have suffered as a result of the real estate downturn. A cut in the payroll tax for a company's first $5 million in wages is to encourage hiring workers; this measure is aimed at small businesses....530 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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