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Current Event 2 [] On Thursday congress is voting on a bill that is meant to help small businesses gain more capital. It also makes it much easier for small firms that want to become publicly traded companies. I think this is a good thing, because it is something that is helping out this community of small businesses. The bill is called JOBS which stands for Jumpstart Our Business Startups Act.

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After the House of Representatives Republicans introduced a bill that would recude the taxes for small businesses, the Senate Democrats decided to introduce and opposing bill. Both though would lower taxes. This is what is known about the Republican's bill Proposed tax cut: 20 percent, capped at 50 percent of employee wages For who: Businesses with fewer than 500 employees (22 million firms) Total tax savings/cost to the government: $46 billion. This is what is known about the Democratic bill Proposed tax cut: 10 percent, capped at $500,000 For who: Businesses that expand their payrolls by adding employees or increasing wages Total tax savings/cost to the government: $26 billion. I think this is definitley a good thing because it brings extreme releif to the small businesses that are struggling or just need that little boost to make a few more bucks.