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To reward hiring, the president proposed a full payroll tax holiday on up to $50 million in increased wages over what a company paid in 2011, regardless of whether the growth comes from new hires or salary increases.
My first proposal is for a full payroll tax suspension.
America is grossly overtaxed and needs a full payroll tax holiday NOW to stop the bleeding and restore the American dream.
So a full payroll tax holiday means more take home pay for people working for a living, and lower costs for business to help keep prices and inflation down, so sales can go up and we can finally create those 20 million private sector jobs we desperately need.
Similar(56)
The White House and Democrats have proposed raising the money by ending a loophole used by high-paid employees of S-corporations to avoid paying full payroll taxes.
That may reflect greater economic optimism or the return of the full payroll tax, which lowered take-home pay.
Ryan McGowan, the city's business administrator, said Wednesday that the city was able to make full payroll of $1.1 million for its nearly 400 city employees.
And when the economy goes ice cold, like it is now, my full payroll tax holiday is in order.
The January 2013 "fiscal cliff" deal increased taxes on the wealthy and ended the moratorium on collecting the full payroll tax.
Even though Hamas has not made full payroll to their employees in more than 2 months now, they continue to serve rice with rotisserie chicken.
In 1983, for example, [Reagan] signed off on Social Security reform legislation that, among other things, accelerated an increase in the payroll tax rate, required that higher-income beneficiaries pay income tax on part of their benefits, and required the self-employed to pay the full payroll tax rate, rather than just the portion normally paid by employees.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com