American Jobs Act

Hope for bipartisanship and small business?

If your feet felt cold this morning, it’s because Hell has frozen over. Last evening the U.S. House passed overwhelmingly (407-17) a piece of President Obama’s American Jobs Act.  While the Senate Republicans yesterday blocked the transportation part of the jobs bill, House Republicans and Democrats solidly supported changing Security…

Millionaire challenge

Tuesday I challenged any real business owner making over $1 million a year to contact me to discuss the proposed millionaire surtax to pay for the President’s American Jobs Act.   (A new NBC News/Wall Street Journal poll shows about 64% public approval for both the surtax and jobs plan).  The U.S. Chamber, National…

Millionaire defenders club

A procedural vote this week, possibly even today, in the US Senate will determine if President Obama’s American Jobs Act even gets to be debated on the Senate floor.  The bill doesn’t have a chance of passing the Senate because it, as most legislation now, can’t get the 60 votes…

Let upper-end Bush-era tax cuts expire

By Frank Knapp, Jr. The Hill’s Congress BlogSeptember 21, 2011   President Obama’s call for cutting the deficit by $3 trillion includes the roll back of the Bush-era tax cuts on the top income tax brackets, a move expected to bring in about $800 billion over the next 10 years.…

Cash flow and job tax credits

In my blog on Monday, I made the following observation about the job tax credits within the President’s proposed American Jobs Act. Tax credits are taken when tax returns are prepared, not at the time of hiring.  If a business doesn’t have the capital to do the initial hiring, the…

We need customers

The Census Bureau reported yesterday that the United States now has 46.2 million people living below the poverty line—up 2.6 million people since last year.  Median household incomes fell below 1997 levels.  No wonder the biggest threat to small business is the lack of customers, not taxes or regulations.  Last…

Pass this jobs bill

Finally, a jobs plan that actually helps the largest jobs-producing sector to create jobs—small business. Advocates for small business were thrilled to hear President Obama speak these words last night. Everyone here knows that small businesses are where most new jobs begin….So for everyone who speaks so passionately about making…