While nothing has passed yet in regards to payroll taxes, the following is a quick recap of each respective proposal from Republicans (as the Democrat's bill did not pass) and the compromise bill proposed in the Bipartisan Jobs Creation Act:
| Republican | Jobs Creation Act |
There are a few other provisions in the Republican version of the bill – however these are the major provisions that impact small to midsized privately held companies. |
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In addition, Senator Casey (D) has proposed a compromise bill that with similar provisions to the compromise bill, with the exception that it also makes millionaires exempt from food stamps and unemployment.
