New Jobs Bill

[Tommy Gun]

So Obama has an idea for a new jobs bill, so first off I guess he's admitting that the first HUGE bill did not create the jobs anticipated and second, his new proposal is to give small business a $5,000 tax credit for every new employee hired. Having owned a small business for the last 20 years I'd have to say this proposal is virtually worthless. In order to hire, revenue needs to increase...his proposal does nothing to address this. If I hire someone at $50k per year and provide benefits it will cost me $60k, wow I get a $5k credit, so without additional revenue where is the other $55k supposed to come from?

I'm sorry but this is an idiotic proposal. IT'S THE ECONOMY STUPID!

Now what would help is a payroll tax reduction and increasing/continuing the incentives to assist in depreciation of cap ex. Those would increase the bottom line.

Next Obama offers no capital gains taxes on small business. What small business has a capital gain (unless the business or a part of it is sold)? I haven't had a single cap ex in 20 years that increased in value...there are no capital gains...this is also idiotic.

The problem with our President is obvious, he has never managed anything let alone a small business...and basically has no fvcking clue.

If the morons would have in fact provided money for new infrastructure, including schools and municipal facilities (buildings, not just bridges and highways) instead of all the entitlements we may have seen some improvment in the job numbers. Instead the States took that money to prop up their own budgets and save State gov't jobs....(so you say great, look they did save jobs!); so what happens when the stimulus money runs out? Right back to where we would have been. Cutting State jobs and slashing State budgets. Idiots.

 

[fund razor]

They should waste the money on education and job training to make people employable rather than bribing people to hire the unemployable.

 

[Wobble]

I hired three new people in December. My timing always sucks:smash:

 

[clayinaustin]

 

[clayinaustin]

 

[Chris]

Why should this be any more of an effective stimulus than any of the rest of what they've tossed $$ at?

 

[Fountain38SC]

hmmm, hire 10 strippers @ min wage plus tip & I get an extra 50K. Can fire them the next day hire 10 more? Where do I sign up?

 

[MarylandMark]

Hire me for $2500 and get the credit for $5000

Thanks!

 

[hotjava66]

So Obama has an idea for a new jobs bill, so first off I guess he's admitting that the first HUGE bill did not create the jobs anticipated and second, his new proposal is to give small business a $5,000 tax credit for every new employee hired. Having owned a small business for the last 20 years I'd have to say this proposal is virtually worthless. In order to hire, revenue needs to increase...his proposal does nothing to address this. If I hire someone at $50k per year and provide benefits it will cost me $60k, wow I get a $5k credit, so without additional revenue where is the other $55k supposed to come from?

I'm sorry but this is an idiotic proposal. IT'S THE ECONOMY STUPID!

Now what would help is a payroll tax reduction and increasing/continuing the incentives to assist in depreciation of cap ex. Those would increase the bottom line.

Next Obama offers no capital gains taxes on small business. What small business has a capital gain (unless the business or a part of it is sold)? I haven't had a single cap ex in 20 years that increased in value...there are no capital gains...this is also idiotic.

The problem with our President is obvious, he has never managed anything let alone a small business...and basically has no fvcking clue.

If the morons would have in fact provided money for new infrastructure, including schools and municipal facilities (buildings, not just bridges and highways) instead of all the entitlements we may have seen some improvment in the job numbers. Instead the States took that money to prop up their own budgets and save State gov't jobs....(so you say great, look they did save jobs!); so what happens when the stimulus money runs out? Right back to where we would have been. Cutting State jobs and slashing State budgets. Idiots.

Exact same thing i thought when i first heard about it, im losing money every day, why the hell not hire some more employees. :banghead: Talk about putting the cart before the horse. These morons have never been in business or anything else productive and it shows. :beatdeadhorse5:

 

[Expensive Date]

If I hire someone at $50k per year and provide benefits it will cost me $60k, wow I get a $5k credit, so without additional revenue where is the other $55k supposed to come from?



Don't forget payroll tax, matching SS, unemployment tax, workmans comp......That 60k is more like 85k

 

[Audiofn]

If I hire someone at $50k per year and provide benefits it will cost me $60k, wow I get a $5k credit, so without additional revenue where is the other $55k supposed to come from?



Don't forget payroll tax, matching SS, unemployment tax, workmans comp......That 60k is more like 85k

I was going to say the same. I think even your 85K may be alittle light. Plus your more exposed to risk, lower profit, so you can not get loans. Give me a break on new equipment, allow people to invest in their homes tax free. These are things that not only would get the economy rolling but also help to bring up values on homes that are for the most part upside down.