REMI conducted a study for the Democratic Policy and Communications Center estimating the economic impacts of S. 2237, the “Small Business Jobs and Tax Relief Act”. The study concludes that the bill could create about 990,592 jobs nationally, where 631,132 of those jobs would be within small businesses. The study includes total national employment results broken out by the impact of each provision and by industrial sector. In addition, the results are based on employment, gross domestic product, and personal income broken out by each provision at a state level. The study used preliminary estimates from the Joint Tax Committee in order to obtain model inputs, and used Small Business Administration information to spread the share of small business activity by state and industry. The methodology targeted employment, cost of capital, and income to the owners of small businesses.
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