tax cuts

President Barack Obama urged Congress Thursday night to pass a proposed $447 billion plan “right away” that would extend and expand the payroll tax cut to workers for another year and, for the first time, giving employers a break in their payroll taxes.

The American Jobs Act proposal includes more than $250 billion in tax incentives for small businesses and employers, according to administration estimates, in an effort to bring down the 9.1 percent unemployment rate, and “give a jolt” to a stalled economy. Keep reading →