Wyatt Employment Law Report

Proposed New Tax Breaks For Employers

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By Kim Koratsky

By a 70-28 vote, the Senate passed a new jobs bill, sending the bill back to the House for final approval.   Democrat leaders promise more jobs bills are on the way.   This bill contains two major provisions.  First, it would exempt, through December, businesses hiring the unemployed from the 6.2 percent Social Security payroll tax, then give those businesses an additional $1,000 credit if new workers stay on the job a full year.  Second, it would extend highway and mass transit programs through the end of the year and put $20 Billion into them in hopes of creating new construction jobs.

Author: Kim Koratsky

Labor & employment lawyer with the Memphis, Tennessee office of Wyatt, Tarrant & Combs, LLP

Leave a reply. Please note that although this blog may be helpful in informing clients and others who have an interest in information privacy and security, it is not intended to be legal advice. The information on this blog also should not be relied upon to form an attorney-client relationship.

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