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Most workers would receive a $500 payroll credit, and some businesses would "receive incentives to create jobs and make equipment purchases more affordable".
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The White House on Feb. 10 countered by releasing hundreds of pages of National Guard records showing, in part, that Mr. Bush had accumulated sufficient payroll credits to back up his honorable, and early, discharge in October, 1973, to attend Harvard Business School.
Indian software giants in Bangalore, like Wipro, Infosys and MindTree, now manage back-room operations -- accounting, inventory management, billing, accounts receivable, payrolls, credit card approvals -- for global firms like Nortel Networks, Reebok, Sony, American Express, HSBC and GE Capital.
McConnell voted 17 times against raising the minimum wage, opposed tax credits for small businesses that create jobs, and even voted to end the payroll tax credit, costing families an extra $2,000 a year.
Moody's Analytics chief economist Mark Zandi estimates that the payroll tax credit will see $1.09 in economic activity for every dollar spent, a less cost effective stimulus than the Child Tax Credit ($1.38), Earned Income Tax Credit ($1.24), or MWP ($1.17) refundable credits.
While the €20 billion payroll tax credit will help, Mr. Gallois said, France still needs to do much more to make entrepreneurs feel welcome.
It consists of desktop software that can be downloaded as well as seven integrated online services for selling products online, sending invoices and receiving payments electronically, processing payroll, running credit reports, collaborating with an accountant and more.
Mr. Daschle proposed two ideas to spur economic stimulus talks -- a one-year business payroll tax credit and a new business depreciation schedule to encourage companies to replace equipment and technology this year.
Speaking at the Washington Navy Yard as he announced new programs for returning veterans from the wars in Afghanistan and Iraq, President Obama called for Congress to extend the payroll tax credit and emergency unemployment insurance, measures that are scheduled to expire at the end of this year.
Here are the numbers for this time period last year and this year, shown side by side: Taxes look likely to rise on all working Americans, assuming Congress allows the temporary payroll tax credit to expire at the end of this year as expected.
Could it be borrowing by proprietorships (e.g., a small business owner meeting payroll or credit card, which would be really bad news) rather than households?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com