Tags: Schumer | Hatch | Payroll | Tax | Break

Schumer, Hatch Back Payroll Tax Break

Wednesday, 27 Jan 2010 08:48 AM

 

Share:
A    A   |
   Email Us   |
   Print   |
   Forward Article  |
  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 This material may not be published, broadcast, rewritten or redistributed.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:
   Email Us   |
   Print   |
   Forward Article  |
  Copy Shortlink
Around the Web
Join the Newsmax Community
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Retype Email:
Country
Zip Code:
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
You May Also Like

Dick Morris: US Must Keep Electoral College

Tuesday, 15 Apr 2014 14:46 PM

Democrats are plotting to rig the presidential voting system to ensure that liberals win future elections, veteran polit . . .

John Sununu: 2016 Election Will Focus on Taxes

Tuesday, 15 Apr 2014 21:08 PM

Taxes will be a focus of the 2016 presidential election, former New Hampshire Gov. John Sununu believes. . . .

PPP: Greg Abbott Now Leads Wendy Davis Even Among Women Voters

Tuesday, 15 Apr 2014 21:15 PM

Texas Democratic gubernatorial candidate Wendy Davis' support from women is slipping, as she now trails her Republican o . . .

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