The Middle Class Jobs Protection Act Will:

1) Slash the corporate tax rate from 35% to 25%, encouraging businesses to create jobs.

2) Provide for a 50% bonus depreciation for 2008 and 2009.

3) Allow for Section 179 expensing for '08-'09 of up to $250,000 for purchases up to $1M

4) Allow a 5-Year carry back of Net Operating Loss.

5) Allow for extension of carry back period for Business Tax Credits for 3 years.