Today, as anticipated, the U.S. Senate approved the amended HIRE Act, which had been passed back from the House on March 4th (see previous post). As you may recall, this bill includes a Payroll Tax Forgiveness program. For qualifying workers, this will relieve employers of the 6.2 percent FICA tax expense during 2010. If such a worker remains employed for at least 52 weeks, the employer receives a $1,000 income tax credit for 2011. (more…)
Tag: Hire One Act
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The California State Senates Revenue and Taxation Committee has scheduled an informational hearing for today on the subject of California’s Enterprise Zone program. The hearing is scheduled to begin 1:30 PM. Click here for the Agenda
Let’s keep our fingers crossed that those who speak best also know best while keeping the interests of California employers (and their employees) in focus. (more…)PUBLISHED IN
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The Jobs for Main Street Act, which we’ve been following from House to Senate to House, is now headed back to the Senate again. From the House perspective, the bill is known as the Hiring Incentives to Restore Employment (or “HIRE”) Act. (more…)PUBLISHED IN
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Press release from the National Restaurant Association.
Bill Will Provide Needed Boost for America’s Restaurant Industry
March 04, 2010
Contact: Sue Hensley (703) 582-8679, Maureen Ryan (202) 331-5939
(Washington, D.C.) – The National Restaurant Association today celebrated a major victory for the restaurant and hospitality industries as President Obama signed the first-ever Travel Promotion Act into law during a signing ceremony at the White House. The legislation provides resources to promote international travel to the United States. (more…)PUBLISHED IN
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Published today by KXO Radio, out of El Centro, California, I found these thoughts by California Assemblymember V. Manual Perez entitled, Maximizing Our Tools for Economic Recovery. Assemblyman Perez is a strong proponent of California’s enterprise zone tax incentives program and has been holding hearings to explore the effectiveness and potential improvements to the program. (more…)
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As anticipated, The Jobs for Main Street Act of 2010 passed the Senate today with 70 votes yea, 28 nay, and 2 not voting. If you’re interested in the political party statistical breakdown, the yea votes included 12 Republicans. The nays included only one Democratic. The not-voting crowd included one Democrat and one Repubilcan. (more…)
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It just hit the news – and we received a corroborating update from Paul E. Suplizio, President of the WOTC Coalition. As anticipated, the U.S. Senate voted this afternoon to limit debate on Senator Reid’s amendment SA 3310 to the Jobs for Main Street Act of 2010 (H.R. 2847). As I described yesterday, Reid’s amendment adds two new federal tax-incentive programs intended to help the private sector create and maintain new jobs. (more…)
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Paul E. Suplizio, President of the WOTC Coalition, in a private correspondence to coalition members, informed us on Friday that the Jobs for Main Street Act (H.R. 2847) is schedule for a vote by the U.S. Senate on Monday afternoon. The bill will include an important amendment, Senate Amendment 3310, by Senate Majority Leader Harry Reid. (more…)
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A fast-food legend passed away earlier this month at his home in Rancho Santa Fe, California. Glenn W. Bell, Jr., founder of the Taco Bell quick-serve restaurant concept, had suffered from Parkinson’s disease since 1985. He was 86 when he died. (more…)
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Epsilon Systems recently published an article in the San Diego Union-Tribune’s on line news publication, SignOnSanDiego.com making some good arguments for preserving California’s Enterprise Zone program. (more…)
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