Senate to begin debating President Obama’s bill

The Senate is expected to begin debating President Obama’s American Jobs Act this week.  The legislation includes several proposals that relate to priority issues in The Arc’s legislative agenda.  These include reductions to the payroll taxes paid by employers and employees.  Since payroll taxes fund the Social Security Trust Funds,to ensure solvency, these payroll tax reductions will have to be offset by additional revenues directed to the Trust Funds.  The legislation also proposes a tax credit of up to $4,000 for businesses that hire people who have been unemployed for at least 6 months – a group that includes many people with disabilities.  Other components are funding for infrastructure development, teaching, and public safety.  The Senate leadership has proposed that the $447 billion bill be paid for with a 5.6 percent surtax on income above $1 million.  It could be difficult to find the 60 votes needed to pass the bill in the Senate and no action on this plan is scheduled for the House of Representatives.

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