The Council of Economic Advisors released a report that found that the Recovery Act was responsible for about 2.5 million jobs through March 2010. Half of those jobs are as a result of over $200 billion in Recovery Act tax relief and financial assistance that has gone directly to mostly lower and middle-income families. Since the Recovery Act began a little over a year ago, the economy has posted its largest quarterly GDP growth in six years and largest monthly job gains in three years. Accordin...
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A recent report shows that an estimated 98 percent of working families received a tax cut in 2009. For more information, read the report at: http://ctj.org/pdf/truthaboutobamataxcuts.pdf Another report found that typical middle-income families received more tax benefits in 2009. http://content.thirdway.org/publications/279/Third_Way_Memo_-_Are_You_Better_Off_On_Tax_Day.pdf
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The Making Home Affordable Program has been expanded to reach more homeowners who need help with their mortgages. Many Georgians are still struggling to keep up with their payments. Congressman Scott will continue to support policies to help homeowners turn the corner. Call 1-888-995-HOPE (4673) for help with the Making Home Affordable Program and to speak with a HUD-approved housing counselor for free. More information is available at the following link: http://www.makinghomeaffordable.gov/
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On March 24, Congressman Scott voted for two bills that help small businesses: the Disaster Relief and Summer Jobs Act (H.R. 4899) and the Small Business and Infrastructure Jobs Tax Act of 2010 (H.R. 4849). Both measures passed the House. In addition to these two bills, Congressman Scott has also supported other measures to help small businesses: The HIRE Act (H.R. 2847), the American Recovery and Reinvestment Act (H.R. 1) and the Health Care & Education Affordability Reconciliation Act (H.R. 48...
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The facts about small businesses and health care reform: · Health care reform will help small businesses obtain health insurance. It allows small businesses with 100 employees or less to pool their risk and benefit from group rates and a greater choice of insurers. · Reform means tax credits for small businesses. Small businesses with 25 employees or less and average wages of less than $50,000 will qualify for tax credits of up to 50% of the costs of providing health insurance. Reform will provi...
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HON. DAVID SCOTT OF GEORGIA IN THE HOUSE OF REPRESENTATIVES Thursday, March 25, 2010 Mr. SCOTT of Georgia. Madam Speaker, I rise today to honor two exceptional high school teams from my district. The Jonesboro High School and Morrow High School Mock Trial teams have had an unprecedented record of success. Collectively, both teams have surpassed expectations and are on their way to another record breaking year for the State of Georgia. Jonesboro High School will compete for its seventeenth State ...
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Below are some of the key provisions that will take effect immediately. You may also want to view this interactive summary: http://majorityleader.gov/HCRFirstYear/ 1. SMALL BUSINESS TAX CREDITS—Offers tax credits to small businesses to make employee coverage more affordable. Tax credits of up to 35 percent of premiums will be immediately available to firms that choose to offer coverage. Effective beginning for calendar year 2010. (Beginning in 2014, the small business tax credits will cover 50 p...
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Several myths about efforts to improve health insurance for Americans. Five of those myths are addressed here. Answers to common questions can be found here: http://www.healthreform.gov/about/answers.html MYTH #1: Health insurance reform is a “government takeover.” FACT: Health insurance improvement legislation expands private health insurance in America, and is based on increasing choice and competition – providing for new marketplaces (called “Insurance Exchanges”) where the uninsured, small b...
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Congressman David Scott voted to reduce health care costs, expand the private insurance marketplace for small businesses and the uninsured, and stop insurance companies for denying coverage for pre-existing coverage and shore up Medicare services. "To do nothing is expensive," Congressman Scott said. "Growth in annual health insurance costs is outstripping average wage increases. Employer-sponsored health insurance premiums have more than doubled in the last 9 years - a rate 3 times faster than ...
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The health insurance reform bill offers tax credits on premiums and provides families and small businesses with the largest tax cut for health care in history. Health insurance reform will create a new Health Insurance Exchange for individuals and employees of small businesses to allow them to comparison shop for coverage. This Exchange will empower consumer's health insurance purchasing and will help reduce the growth in health care spending by encouraging competition on price and quality. Smal...
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