Senate debating about reduction in payroll taxes for new hires! Wow! About time small businesses get a rescue from the Fed's after bailing out Wall Street. A reduction or elimination of payroll taxes or tax credit for new hires will stimulate immediate employment and will help small businesses by lowering their share of employment taxes.
In addition, the federal government should also help with existing employees of qualifying small business who have maintained their employees with great sacrifices to the business. I mean that they should get some kind of payroll tax credit as well! |