Jane Iredale’s cosmetics company has 160 employees and is based in Great Barrington, Massachusetts.
Jane Iredale says that the American Jobs Act "will make a significant difference to my company and our family of 160 employees. By cutting my employees' payroll taxes in half, they will be able to use the extra money for help with mortgages, rents, fuel bills and college tuitions. Happy employees are productive employees. Cutting my company's payroll taxes in half will allow me to put those gains back into the company to aid with growth. We will also be able to continue hiring because of the elimination of payroll taxes for new hires and wage increases up to $50 million."
But the payroll tax holidays are not the only provision of the President's plan to immediately put workers back on the job and put more money in the pockets of working Americans that will benefit Iredale's cosmetics company, the 100% depreciation deduction for qualifying investment will also help her bottom line. "We are currently renovating a building that will become our global headquarters. By extending the deductions for the purchasing of new equipment and machinery, we will be able to outfit the building in a timely fashion."
Fonte: White House