The American Jobs Act Helps Small Business and Creates Jobs  The American Jobs Act helps small businesses and is also set to significantly increase the number of jobs available to people. Small enterprise is particularly important in the creation of jobs because these businesses tend to be start-up businesses. Many start-ups are entrepreneurial in character, and succeed or fail on their ability to identify and exploit new markets. Increasing investment in new and emergency markets spurs the creation of additional jobs within those markets. Thanks to the cuts in payroll tax contained in the Jobs Act, many small businesses will stand to benefit by gaining some of the money paid to the government back. The President’s plan will also eliminate payroll taxes entirely if firms add new workers or increase the wages of their current workers. As such, there will be significant incentives for small businesses to hire more workers.­1  Cuts to payroll taxes, combined with the other changes planned by the bill, are estimated to create 100,000 jobs a month for the next year, accompanied by a projected 1.25% increase in GDP. Moody’s Analytics is even more optimistic about the likely benefits to the American economy should the act pass, predicting growth rates at 2% and claiming that 1.9 million jobs will be created as a result.5