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Showing posts with label Employment. Show all posts
Showing posts with label Employment. Show all posts

Tuesday, May 18, 2010

OBAMA'S TAX ON JOB CREATION

clipped from www.ncpa.org

The landmark health reform law signed by President Obama (ObamaCare) will require small businesses to provide health insurance to their employees.  This burden will be offset by a tax credit for each employee covered.  However, the credit is arbitrarily reduced as firms grow, penalizing employers that hire more workers or increase their salaries.  Thus, the credit may discourage firms from hiring more workers or higher-paid workers, say Devon Herrick, a senior fellow, and Pamela Villarreal, a senior policy analyst, at the National Center for Policy Analysis. 

How does the tax credit for small firms work?  From 2010 to 2014, businesses in some industries that employ 25 workers or fewer will qualify for a tax credit worth up to 35 percent of the employer's contribution to workers' health coverage.  Beginning in 2014:

The credit is not available to sole proprietorships and their families. 

http://www.ncpa.org/pub/ba703 

http://www.ncpa.org/sub/dpd/index.php?Article_Category=20

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Sunday, May 2, 2010

Is a biometric, national ID card an immigration game changer?

What so many don't seem to realize is that Arizona's new Law just made this plan a major problem. Arizona shows us that we don't need a Governmental National Biometric RFID Card. To do something in America. Like or not. This Biometric ID will soon become a chip in body once people realize that an RFID card is very easily hacked. No matter what they try to tell you.
Look it up. Positive ID.
It's very real.
http://www.positiveidcorp.com/

The Democrats' immigration-reform proposal (pdf) is 26 pages long. Pages 8 through 18 are devoted to "ending illegal employment through biometric employment verification." I don't think the Democrats are going to like me calling this a biometric national ID card, as they go to great lengths to say that it is not a national ID card, and make it "unlawful for any person, corporation; organization local, state, or federal law enforcement officer; local or state government; or any other entity to require or even ask an individual cardholder to produce their social security card for any purpose other than electronic verification of employment eligibility and verification of identity for Social Security Administration purposes."

But it's still a biometric national ID card. It's handed out by the Social Security Administration and employers are required to check it when hiring new employees.
Essentially, if you want to participate in the American economy, you need this card.
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Wednesday, March 24, 2010

5 Reasons Why America Should Steer Clear of a National ID Card

Be sure to see the rest of this at the link.
clipped from www.foxnews.com
The Senate is working toward a ghastly compromise on immigration reform that includes a biometric national identification card for all Americans. The stated purpose of this national ID, which an employee must present before getting a job, is to prevent undocumented workers from being employed. Back in December I warned that a national ID is the inevitable conclusion of the anti-immigration movement. The failure of E-Verify to catch 54% of undocumented workers is only accelerating the call for a national ID.

First, every worker would have to ask permission from the federal government to get a job. American workers shouldn’t have to beg or plead to anybody to get permission to work. Being employed should be a private agreement between an employer and employee. Period. The government should get out of the way.

Second, carrying around government papers with biometric identification on it conjures up images of a more technologically savvy Oceania or East Germany. No thanks.

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Thursday, March 18, 2010

Obama signs jobs bill, says more must be done

Official presidential portrait of Barack Obama...Image via Wikipedia

clipped from news.yahoo.com

WASHINGTON – President Barack Obama on Thursday signed into law a package of tax breaks and spending designed to give the nation a jobs boost by encouraging the private sector to start hiring again.

It's the first of several such measures Democrats have promised this election year to address the public's top worry: jobs. The measure includes about $18 billion in tax breaks and pumps $20 billion into highway and transit programs.

Barack Obama

Under the new law, businesses that hire anyone unemployed for at least 60 days would be exempt from paying the 6.2 percent Social Security payroll tax through December. Employers also would get an additional $1,000 credit if new workers remain on the job a full year. Taxpayers will have to reimburse Social Security for the lost revenue.

The new law also extends a tax break for small businesses buying new equipment and modestly expands an initiative that helps state and local government pay for transportation and infrastructure projects.

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Thursday, February 11, 2010

White House predicts weak job growth for rest of year

President Barack Obama and First Lady Michelle...Image via Wikipedia

clipped from www.miamiherald.com



President Barack Obama's top economic advisers offered a cautious forecast on Thursday that U.S. job gains for 2010 will average 95,000 a month, with analysts expecting hiring to expand by spring.

"These job projections are very reasonable, but they are also very disappointing since they imply the unemployment rate will remain very high for a very long time," said Larry Mishel, the president of the Economic Policy Institute, a liberal research group. "This is because we need to create at least 100,000 jobs each month in order to absorb new workers and keep the unemployment rate from rising. It suggests that policy is not being aggressive enough to drive down unemployment."

Another reason for a continued high unemployment rate, the council report said, is the huge jump in productivity - worker per-hour output. Companies are doing more with fewer workers. Given their uncertainty about the future, employers are likely to remain cautious about hiring.

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Tuesday, January 26, 2010

Record number of young Americans jobless

Colorado City, Arizona (10)Image by Ken Lund via Flickr

clipped from www.reuters.com
People talk to job recruiters at a career fair in Los Angeles, February 3, 2009. REUTERS/Lucy Nicholson

CHICAGO (Reuters) - The U.S. economic recession has taken a particularly heavy toll on young Americans, with a record one out five black men aged 20 to 24 neither working nor in school, according to research released on Tuesday.

Overall, 26 percent of American teenagers aged 16 to 19 had jobs in late 2009, said the report, which was based on U.S. Census Bureau data. That figure is a record low since statistics began to be kept in 1948, the researchers said.

Employment counts the number of people with a job as a percentage of the entire work force. By contrast, the unemployment rate -- which stood at 10 percent in December in the United States -- does not include people who have grown discouraged and stopped looking for work.

The "disconnection rate" -- Americans aged 20 to 24 who were neither in school nor working -- jumped to 28 percent last year from 17 percent in 2007.

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