Tax Cuts May Not be Enough to get the Private Sector Moving.
Obama’s jobs speech on September 8, 2011 sparked interest in the ears of both Republicans and Democrats. One of the highlights included yet another reduction in the payroll tax. Obama claims that this will put more money into the pockets of the American people, stimulate the economy, and decrease uncertainty. “It will provide a tax break for companies who hire new workers, and it will cut payroll taxes in half for every working American and every small business.