iOS app Android app

Payroll Tax

Testimony on Sensible Tax Reform

James K. Galbraith | Posted 05.25.2011 | Business
James K. Galbraith

The realized budget deficit is an economic outcome, not a policy choice. So long as the economy faces high unemployment, there is no fiscal formula that can make it go away.

Congress: Don't Wait to Extend HIRE Act Before it Expires

Brandon Edwards | Posted 05.25.2011 | Politics
Brandon Edwards

Extend the HIRE Act and make sure that one of the better incentive programs continues to encourage employers to give jobs to those who need them the most.

Hidden in the Tax Compromise: An Attack on Social Security

Sarah van Gelder | Posted 05.25.2011 | Politics
Sarah van Gelder

One of the most important provisions of the great 2010 tax cut compromise is getting almost no attention. The cut in payroll taxes threatens to underm...

Social Security Is Not a Bargaining Chip

Rep. Rush Holt | Posted 05.25.2011 | Politics
Rep. Rush Holt

Social Security should not be used as a rainy-day fund because some in Washington cling to a series of failed polices that will not create jobs. Congress must ensure that Americans' Social Security benefits are protected.

Who Loses Under Obama's GOP Tax Compromise: The Working Poor

Daily Finance | Charles Wallace | Posted 05.25.2011 | Business

When President Obama defended his tax cut compromise with the Republican Party, he insisted that he was helping working people avoid taking a pay cut....

President Obama Should Have Fought This One

Jim Wallis | Posted 05.25.2011 | Politics
Jim Wallis

Obama has again bent to the economic philosophy that rewards the casino gamblers on Wall Street and leaves the majority of the country standing outside the casino with a tin cup -- hoping that the gamblers are at least big tippers.

The Only Way to Fix the Deficit: Multiply Jobs

William Drayton | Posted 05.25.2011 | Politics
William Drayton

Under Clinton, we went from a $290 billion deficit in 1992 to a $239 billion surplus in 2000 while creating over 20 million private sector jobs. That's no coincidence; job creation and deficit reduction are inextricably linked.

Reconnecting Job Growth to Deficit Reduction - Part 2

Stephen Kent | Posted 05.25.2011 | Politics
Stephen Kent

In Part 1 of this blog, I overviewed an important new Bipartisan Policy Center (BPC) report on deficit reduction, and pointed out the significance of ...

Reconnecting Job Growth to Deficit Reduction - Part 1

Stephen Kent | Posted 05.25.2011 | Politics
Stephen Kent

Add Pete Domenici, Alice Rivlin and their colleages at the Bipartisan Policy Center (BPC) Deficit Reduction Task Force to the growing list of eminenc...

Undead on Arrival: Why Payroll Tax Cuts Keep Coming Back -- Part 2

Stephen Kent | Posted 05.25.2011 | Politics
Stephen Kent

In Part 1 of this blog I argued that despite the defeat of the latest jobs bill in the Senate, seen in historical context, support for the once-taboo ...

Undead on Arrival: Why Payroll Tax Cuts Keep Coming Back -- Part 1

Stephen Kent | Posted 05.25.2011 | Politics
Stephen Kent

The latest jobs bill -- probably the last attempt of the 111th Congress to stimulate job growth before it adjourns -- died in the Senate yesterday. ...

Nouriel Roubini Calls For Payroll Tax Cuts -- And He's Not Alone

Huffington Post | William Alden | Posted 05.25.2011 | Business

As President Obama's recent proposal for new stimulus programs has elicited mixed reviews from financial pundits, there's been growing support for ano...

7 Economic Stimulus Ideas

The Big Picture | Barry Ritholtz | Posted 05.25.2011 | Business

If you were going to give me a trillion dollars to stimulate the economy so that the next expansion could proceed, here's what I would do: ...

IRS Will Audit 6,000 Businesses and Some May Owe Lots of Money

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

.before you decide to convert all of your employees to independent contractors, you need to know the difference as defined by federal and state law. The IRS is gunning for businesses that mischaracterize employee.

How to Avoid More Oil Spills? Abolish the Payroll Tax!

David Bornstein | Posted 05.25.2011 | Green
David Bornstein

Sometimes you have to put two stories side by side to highlight the strange tradeoffs we make every day in a complex world.

The Cost of Taxing Nonprofits

Gordon Campbell | Posted 05.25.2011 | New York
Gordon Campbell

By imposing new taxes on nonprofits, I fear that policy-makers have forgotten why the tax exemption was put in place: nonprofits provide a service that relieves the burden on others.

The F Word: Tax Grousing Tells Half The Story

Laura Flanders | Posted 05.25.2011 | Politics
Laura Flanders

It's tax time again, the time of year when Americans grouse about forking over part of their hard-earned cash to the dear old government. These days,...

Jobs Bill Clears Senate, Heads To Obama's Desk

AP | ANDREW TAYLOR | Posted 05.25.2011 | Business

WASHINGTON — Companies that hire unemployed workers will get a temporary payroll tax holiday under a bill that easily won congressional approval...

12 Ways To Save American Taxpayers $1 Trillion

The Huffington Post | By Laura Bassett and Jeremy Binckes | Posted 05.25.2011 | Politics

As President Obama tries to get his new bipartisan "deficit commission" off the ground, a public interest group is proposing a series of common-sense ...

Friday Talking Points [108] -- Obama's Pivotal Week

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

Since Democrats are taking some time to figure out what to do next, we shall do the same here, and skip over the entire health care reform subject, after highlighting two hilarious commentaries on the situation.

Jobs: Optimism Has Employers Hiring Again

Jerry Chautin | Posted 05.25.2011 | Business
Jerry Chautin

Employers who think they can avoid payroll tax and employee benefits by mischaracterizing independent contractors may be in for a surprise. The IRS, Labor Department, and even local state governments may disagree and the consequences can be severe.

Democrats Need to Frame the Stimulus Better

Chris Weigant | Posted 05.25.2011 | Politics
Chris Weigant

President Obama has proposed a tax cut on payroll taxes. Republicans are against it, and even have taken to calling it "welfare." Excuse me? Welfare? Tax cuts are now welfare in Republicanland?