Millionaire Surtax Won't Affect Small Businesses, Says Jay Carney
White House Press Secretary, Jay Carney, states that less than one percent of all small business will be affected by paying for payroll relief with a surtax on the wealthy. (00:13)
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White House Press Secretary, Jay Carney, states that less than one percent of all small business will be affected by paying for payroll relief with a surtax on the wealthy. (00:13)
President Obama said during his speech in Scranton, Pennsylvania Wednesday that payroll relief will lower taxes for middle class families by $1,500 next year. (0:16)
Jack Earle, Chair of International Franchising Association (IFA), responds to Obama’s plan to extend payroll tax cuts and increase unemployment benefits that it will not solve long-term issues and will cost money the country doesn’t have.
Earle was invited to attend the President’s speech by House Speaker John Boehner. (0:47)
New Hampshire State Rep. David Watters (D-) questions whether the Republican presidential candidates will stand with the Republican Congressional leaders on the issue of payroll tax cuts after accusing Republicans of being solely on the side of the upper-class (0:52)
President Obama suggests that Congress extend payroll tax cuts unemployment insurance benefits to improve the economy. (1:09)