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# Wednesday, January 27, 2010

We have been hearing a lot about job creation over the last year and have read a lot of arguments around how to accomplish this very daunting task.  Over the past couple months I've been seeing more about giving tax breaks to employers for hiring.  Makes sense given our current tax system.  We are used to seeing tax credits.  TALX even has a whole service dedicated to helping employers obtain tax credits. 

Today, however, I read an article proposing another approach.  Instead of giving a tax credit for hiring someone who has been unemployed, 2 senators are proposing a tax break on the employer's portion of social security taxes for the rest of 2010.  Their position is that it would encourage hiring sooner and be a much more simple program to administer.

While I'm sure there will be many reasons why this won't work (aren't there always?), I did feel pretty good about the fact that there are legislators out there trying to not only think outside the box and solve the specific problem at hand, but are actually thinking about doing it in a way that would cost less tax dollars and be easier on the employer.  That's not to say that this would do either of those 2 things (I wouldn't pretend to have an opinion on it either way without a lot more detail), but it's nice that they actually thought about it.

Tammy Mullin

Wednesday, January 27, 2010 4:07:36 PM (Central Standard Time, UTC-06:00)  #    Comments [0] -
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IRS CIRCULAR 230 DISCLOSURE: Any tax advice in this communication is not intended or written by TALX to be used, and cannot be used, by a client or any other person or entity for the purpose of (i) avoiding penalties that may be imposed on any taxpayer or (ii) promoting, marketing, or recommending to another party any matters addressed herein.

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