We are considering bringing forward a bill that provides a tax cut for small businesses to create jobs, as small businesses create more than 60 percent of the jobs in this country. We know that overwhelmingly the number of folks who are business people in this country file as individuals. We want to help the small businesses as defined by the Small Business Administration, that's 500 employees or less, with a 20 percent tax cut straight to their bottom line. We want to make it easier for them to start up, to grow and to create jobs.

NOTE: The text is a discussion draft for an amendment to the Internal Revenue Code of 1986.

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