Under the bill now heading to President Obama’s desk, businesses that hire workers who have been jobless for at least 60 days will be exempt from paying the 6.2 percent payroll tax on those employees’ earnings until the end of the year. If those workers stay on for a full year, businesses will also get a $1,000 tax credit. (The employee’s pay would still be subject to the usual personal income taxes.) The business tax breaks would add up to about $15 billion in all.
Of course, yeah… that’ll do pig.
The US government is basically just a conduit for taking money from employees, or future generations at this point, and giving said money to the largest companies, on the theory that some of that money will trickle down–which some of it will (right to congress) .
