Among job creation initiatives that experts say could emerge from Washington -- albeit, not without considerable congressional wrangling -- are the continuation of a temporary reduction on payroll taxes, and the extension of emergency unemployment benefits for people who have been out of work for six months or longer.
That increase came despite the government's temporary reduction of some payroll taxes this year as a way to stimulate the economy.
The tax package includes the changes in rates and other measures to stimulate the economy, like a reduction of the payroll tax that helps support the Metropolitan Transportation Authority.
To begin to address its troubled European operation, G.M. laid out a restructuring plan that included a reduction of its payroll by 12,000 workers, or about a fifth of its European work force.
The first step we should take is to allow workers and employers to keep more of their hard-earned money through an immediate, two-year 50% reduction of the payroll tax.
Like that stimulus plan, Mr. Obama's jobs bill is made up largely of tax cuts, such as the expanded reductions of the payroll taxes that finance Social Security.
The other drastic change in the budget is a cumulative 15percentt reduction of the county payroll to 8,042 jobs by next fall, down from 9,442 at the start of this year.
Contrary to the policy's intentions, it makes cheaper certain types of payroll reductions, namely those reductions that occur before the law goes into effect.
And the furious pace of payroll reduction by employers during the second quarter suggests his fears are well founded.
The cuts, to be adopted over the next two years, were to have focused mainly on social, health care and military spending as well as reductions of government payrolls.
