Scott Brown's first legislative proposal is 'Immediate Tax Relief Act for America's Workers' amendment 

Massachusetts Republican Sen. Scott Brown is introducing his first substantive piece of legislation Wednesday morning, the "Immediate Tax Relief for America's Workers" amendment to provide an six-month cut in payroll taxes for an estimated 130 million taxpayers.

According to a fact sheet prepared by Brown's press office, the payroll tax reduction would take effect within 60 days of enactment and would use approximately $80 billion in unspent funds previously appropriated for President Obama's $787 billion economic stimulus program.

"Workers and the self-employed would see their payroll taxes lowered immediately after the plan takes effect - providing them with an estimated average of almost $100 per month, or more than $500 over the six-month plan," the Brown fact sheet said. "Working couples could receive a tax cut worth more than $1,000 under Senator Brown's plan."

The fact sheet adds that:

* "Senator Brown shares the belief of leaders of both parties from John F. Kennedy to Ronald Reagan, that the best way to revive our economy and spur job creation is by returning money directly to the American people.
*  "As this government continues its binge spending of taxpayer money, Senator Brown will continue to do everything possible to make sure hardworking employees and entrepreneurs get it back."

The fact sheet also claims that "if enacted, all unobligated funding for the [stimulus program] would be rescinded."But the fact sheet does not provide an estimate of how much stimulus funding would be rescinded.

 

 

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