Much of the Jobs Act is a reduction in the payroll tax, on both employers and employees (and our textbook says that the tax on employers ultimately comes out of compensation that would be paid to employees). Obama seeks to pay for it by closing various tax loopholes for the rich and for corporations. Especially given the latest data showing the middle, working and poor classes having their real income go down, and income gaps getting bigger and bigger, making the tax code more progressive in this fashion is a very good idea.
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