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Obama signs $42 Billion bill to bring Americans back to work

The legislation will save a lot of money for the owners and also from getting bankrupt. It not only reduces tax burden but also makes it easier for them to get loans. President Barrack Obama pressed the Congress for the bill to be passed .After months of debate the Republicans and Democrats gave their nod in favor of the president. Obama said, “I’m grateful that Democrats and a few Republicans came together to support this common-sense plan to put Americans back to work.”

Previously, tax cuts were given to businesses which were outsourced to other countries, now tax cuts are given to companies whose businesses are in U.S. and importance is given to ventures that are going to support the growth of U.S. economy. This bill could be an extension of Obama’s trial to stop the tax breaks which were given to the companies that outsource jobs to emerging markets.

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