Tags: Schumer | Hatch | Payroll | Tax | Break

Schumer, Hatch Back Payroll Tax Break

Wednesday, 27 Jan 2010 08:48 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
ALBANY -- Republican New York senators and Democratic U.S. Sen. Charles Schumer are proposing separate, but similar job-creating programs that would use tax incentives to entice employers to hire the unemployed.

The proposal by the state Senate's GOP minority includes a tax credit of between $2,500 and $3,500 for three years for an employer every time a new job is created and filled. It would also end the state's corporate franchise tax for small businesses and roll back an income tax surcharge a year early.

The proposal by Schumer and Republican Sen. Orrin Hatch of Utah would exempt businesses from the employer's share of Social Security taxes for the rest of 2010 when they hire workers who were unemployed at least 60 days.

© Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Tea Party Anger May Cost Sen. Pat Roberts His Re-Election

Tuesday, 30 Sep 2014 21:16 PM

Sen. Pat Roberts' re-election reportedly could be in grave danger if tea party supporters decide Wednesday to sit out th . . .

Paul Ryan on Presidency: If Romney Runs in 2016, I Won't

Tuesday, 30 Sep 2014 20:52 PM

Rep. Paul Ryan says he won't join the 2016 presidential race if Mitt Romney decides to run. The Wisconsin Republican rev . . .

Kassebaum Baker: Voters Have Lost Confidence in Sen. Pat Roberts

Tuesday, 30 Sep 2014 19:50 PM

Former veteran Kansas Republican Sen. Nancy Kassebaum Baker refused to film a campaign television ad for GOP incumbent S . . .

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved