The Employment Act

[King]

I introduce this bill onto the Senate floor:

The Employment Act
Part I: The Job Credit
Every new job created by an employer with less than 3000 employees will be rewarded with a tax credit for the employer. The tax credit will be worth 10% of that employee's salary.


Part II: National Minimum Wage Raise
The federal minimum wage will be raised by $.25 an hour across the country. Local government minimun wage laws will not be affected.


Tax credits for small and medium sized businesses would  stimulate the job growth and discourage outsourcing and a national minimun wage raise would help workers aswell.

[TeePee4Prez]

Make the employment credit a flat rate and I may consider.

[King]

Make the employment credit a flat rate and I may consider.

There

[True Federalist (진정한 연방 주의자)]

As a Federalist, I'd prefer it if the Part II were reworded.  Some localities have enacted their own minimum wage laws and the literal interpretation of Part II is that it would cause those local minimums to rise as well.  If a local government intended that, it could choose to make its minimum wage based upon the Federal minimum wage, but I see no reason for the Federal government to require that local governments to raise their own seperate minimums.

[Bono]

a national minimun wage raise would help workers aswell. [/b]

By stimulating outsorcing?

[King]

a national minimun wage raise would help workers aswell. [/b]

By stimulating outsorcing?

Costs of the minimun wage raise will get paid back by the tax cut in Part I.

[King]

This bill would help both the businessman and the worker. The worker gets a higher salary and the businessman gets less taxes.

[Beefalow and the Consumer]

I would suggest, rather, that there be a tax credit tied to both domestic payroll and sales of goods.  A business' total credit would equal (domestic payroll) * sales * (credit rate).  The effect of this would be threefold:

1. The tax credit, being a per-sale credit, can be used by businesses to price domestic goods competitively with foreign competition.

2. The tax credit, being a per-payroll credit, will encourage more domestic job creation.

3. The combination of both cheap domestic goods and higher working-class employment will create a feedback effect that will lead to fantastic economic growth.

[King]

I would suggest, rather, that there be a tax credit tied to both domestic payroll and sales of goods.  A business' total credit would equal (domestic payroll) * sales * (credit rate).  The effect of this would be threefold:

1. The tax credit, being a per-sale credit, can be used by businesses to price domestic goods competitively with foreign competition.

2. The tax credit, being a per-payroll credit, will encourage more domestic job creation.

3. The combination of both cheap domestic goods and higher working-class employment will create a feedback effect that will lead to fantastic economic growth.

If appointed Treasury Secretary will you help the Senate introduce a real tax code? We have no real good ideas right now.

[Beefalow and the Consumer]

I would suggest, rather, that there be a tax credit tied to both domestic payroll and sales of goods.  A business' total credit would equal (domestic payroll) * sales * (credit rate).  The effect of this would be threefold:

1. The tax credit, being a per-sale credit, can be used by businesses to price domestic goods competitively with foreign competition.

2. The tax credit, being a per-payroll credit, will encourage more domestic job creation.

3. The combination of both cheap domestic goods and higher working-class employment will create a feedback effect that will lead to fantastic economic growth.

If appointed Treasury Secretary will you help the Senate introduce a real tax code? We have no real good ideas right now.

I will consult with my wife, who is a math major, to devise an ideal tax structure based on partial differential equations and chaos theory.

[King]

Sounds good.

[Beefalow and the Consumer]

Sounds good.

Seriously, I think we should move towards eliminating the tax burden on all households with an adjusted gross income of $20K or less.  If confirmed, I will present a plan to the President to submit to Congress.

[Platypus]

again, i cannot support tax legislatuion at this stage. I think we should limit new bills being presented to the senate, especially bills on econmomic policies that will change quite fundamentally if one of many of the presidential candidates are elected.

[Bono]

a national minimun wage raise would help workers aswell. [/b]

By stimulating outsorcing?

Costs of the minimun wage raise will get paid back by the tax cut in Part I.

So, you do a wrong a and a right and expect them to cancel each other?
Why are you even wasting the senate's time with this?

[King]

We need a budget, so I withdraw this.

[StevenNick]

I will not vote for any bill that raises the minimum wage.  Period.  End of story.