The JOBS Act of 2011, H.R. 660
Jumpstarting Our Business Sector
As unemployment numbers remain above 9% and the federal “stimulus” shows little signs of actually being able to fix our economy, Congressman Paul Broun has introduced H.R. 660, the JOBS (Jumpstarting Our Business Sector) Act of 2011, to provide relief to small businesses so they can create jobs.
The JOBS Act would enact a few very simple steps that would help small businesses hire more people:
- Eliminates the corporate tax by lowering it to 0%
- Sets the capital gains rate for individuals and corporations at 0%
- Allows a one year extension of bonus depreciation and 100% expensing for certain business assets
To read the text of the JOBS Act, scroll through the pdf below: