Tags: Schumer | Hatch | Payroll | Tax | Break

Schumer, Hatch Back Payroll Tax Break

Wednesday, 27 Jan 2010 08:48 AM

 

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 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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

Ex-KKK Leader David Duke: I May Challenge Rep. Steve Scalise

Friday, 30 Jan 2015 00:10 AM

Former Ku Klux Klan leader David Duke says he might go up against Republican Rep. Steve Scalise of Louisiana in 2016 bec . . .

AG Nominee Gets 2 GOP Endorsements After Witnesses Attack DOJ

Thursday, 29 Jan 2015 23:33 PM

Two Republicans on the Senate Judiciary Committee endorsed Loretta Lynch's nomination as attorney general, but not befor . . .

Recalling Late John Myers of Indiana, Congress' 'Mr. Nice Guy'

Thursday, 29 Jan 2015 23:23 PM

Following the news on Tuesday that former Rep. John T. Myers died, the immediate reminiscences were not about the Indian . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

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