Employers warning employees to prepare for temporary tax hike

[Geo]

Ha- but that's why we're here. To inform each other and to find places where we agree. And to have an occasional beer!

 

[Lynnie]

I met with an Economist yesterday, a Libertarian.

Stated, 'Just tell us the new rates for 2011! We, at this point, don't care if the marginal rate is 35 or 38, but tell us, so we can plan!'

And, this is one of the issues holding back our progression out of this recession-small employers can't plan I.E. Can't hire as it isn't prudent to do so when the imminent uncertainty is looming. Without an increase in jobs, this will continue to be a very slow recovery.

 

[Matt J]

I met with an Economist yesterday, a Libertarian.

Stated, 'Just tell us the new rates for 2011! We, at this point, don't care if the marginal rate is 35 or 38, but tell us, so we can plan!'

And, this is one of the issues holding back our progression out of this recession-small employers can't plan I.E. Can't hire as it isn't prudent to do so when the imminent uncertainty is looming. Without an increase in jobs, this will continue to be a very slow recovery.

If $50.00 a week is whats holding back the hiring of an employee they are either employing migrant workers or illegals.

 

[scooterbug44]

I can see it being a hassle (mainly for the office manager/payroll person) and I know these small items add up over months or multiple employees, but I have to agree that it seems ridiculous that you can't hire someone because of this minor issue.

 

[Lynnie]

What is your idea of why this recovery is slow? With data, everything else in our economy has recovered. Jobs is the most important variable before this Nation right now. I'll bet if you go poll small and medium sized businesses today as to why they aren't hiring, it will be taxes and the uncertainty surrounding taxes. I believe we are strong enough as Americans to very effectively model the hard action Britain just implemented whereas every class will feel the effects of the cuts. If Britain didn't do this, they would go bankrupt. I applaud them. Better yet, go poll voters on Tuesday as to what is front and center for them. I feel very certain, it's jobs!

 

[Matt J]

What is your idea of why this recovery is slow? With data, everything else in our economy has recovered. Jobs is the most important variable before this Nation right now. I'll bet if you go poll small and medium sized businesses today as to why they aren't hiring, it will be taxes and the uncertainty surrounding taxes. I believe we are strong enough as Americans to very effectively model the hard action Britain just implemented whereas every class will feel the effects of the cuts. If Britain didn't do this, they would go bankrupt. I applaud them. Better yet, go poll voters on Tuesday as to what is front and center for them. I feel very certain, it's jobs!

So your plan to fight unemployment is to lay off 500,000 government workers? Do you reread this stuff before you post?

The Tea Baggers won't be any happier come November 3rd since the immediate change they've been promised through out the election won't have happened yet. If they can't give the President 2 years then they're probably not going to be happy with their own candidates in 6 months.

 

[scooterbug44]

What is your idea of why this recovery is slow? With data, everything else in our economy has recovered. Jobs is the most important variable before this Nation right now. I'll bet if you go poll small and medium sized businesses today as to why they aren't hiring, it will be taxes and the uncertainty surrounding taxes. I believe we are strong enough as Americans to very effectively model the hard action Britain just implemented whereas every class will feel the effects of the cuts. If Britain didn't do this, they would go bankrupt. I applaud them. Better yet, go poll voters on Tuesday as to what is front and center for them. I feel very certain, it's jobs!

I think it is slow because people got hit hard by the recession, used up their safety cushions, and lost a lot of "on paper money" due to real estate. The BP spill didn't help either.

My guess is that caution/shell shock from learning hard lessons, not uncertainty over a minor tax issue are slowing down the recovery.

I would be all for implementing changes like Britain - but not sure about many others. People don't want to hear about reality and sacrifice, they want to find scapegoats and make others sacrifice.

 

[30ashopper]

Uncertainty plays a role, but the core problem is we just came out of a 30 year debt binge. Industrial capacity utilization is depressed indicating industry has a ton of free cycles due to lower demand for what it produces. That translates into sluggish employment growth.

There's no magic bullet, what we need to do is implement policy that helps consumers rebuild their balance sheets while minimizing the effects of that policy on federal debt. We can't simply shift the debt burden from one area of the economy to another (consumers -> government). That's what Obama's been doing. Long term this doesn't solve the core problem, because consumers are still responsible for that debt.

 

[Matt J]

Uncertainty plays a role, but the core problem is we just came out of a 30 year debt binge. Industrial capacity utilization is depressed indicating industry has a ton of free cycles due to lower demand for what it produces. That translates into sluggish employment growth.

There's no magic bullet, what we need to do is implement policy that helps consumers rebuild their balance sheets while minimizing the effects of that policy on federal debt. We can't simply shift the debt burden from one area of the economy to another (consumers -> government). That's what Obama's been doing. Long term this doesn't solve the core problem, because consumers are still responsible for that debt.

How do you figure? Didn't the government have a surplus at one point, I don't remember there was so much penis and dress talk at the time.