President Obama has been trying to figure out new ways to help U.S. small businesses thrive. The new programs are hoped to jumpstart the countries slow economy. A new tax cut proposed by House Republican for small businesses could do just that.
If passed, businesses with less than 500 employees will qualify for a tax cut of up to 20 per cent. House Majority Leader Eric Cantor, R-VA spoke about his hopes that the proposal would help small businesses “retain and create new jobs” to help boost the overall economy during the announcement of the proposed tax cuts. The republicans hope [...]