payroll taxes

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Strapped States Raising Taxes on Employers

Critics say it's going to make joblessness worse

(Newser) - Massive unemployment is putting a strain on state benefit funds, and states in turn are trying to recoup the money by raising taxes on employers. In all, 36 states have raised payroll taxes, a strategy that critics say will backfire by putting a crimp on hiring. “Everything’s going...

Unemployment Programs Going Bust in 40 States

States face raising taxes or slashing benefits

(Newser) - The combination of high unemployment and bad planning means that the jobless compensation programs of all but 10 states are on course to go broke by 2011. Some 25 states are already borrowing federal money to issue benefit checks. State lawmakers are coming under intense pressure to either shrink payments...

Tax Breaks for New Jobs Gain Bipartisan Support

But some dismiss move as 'corporate welfare'

(Newser) - Support is building in Washington for the idea of giving companies tax breaks when they hire new workers. President Obama’s economic team has been exploring the possibility for weeks, and lawmakers on both sides of the aisle like the idea of helping unemployed constituents. “There’s a lot...

Strapped States Fall Behind on Unemployment Checks

(Newser) - Years of tax and budget cuts have left the nation's unemployment system badly weakened just as it's most needed, the New York Times reports. At least a million applications are still stuck in the system and many applicants have to wait months for their first check. Sixteen states have...

Social Security Suffers as Execs' Pay Soars

Top-paid workers get a third of total US pay

(Newser) - Executives and other employees earning top dollar pull in more than a third of all US pay, the Wall Street Journal finds—and the ceiling on compensation subject to payroll taxes hasn’t risen enough accordingly, meaning the government isn’t bringing in what’s needed to plug ever-growing holes...

Cash-Strapped States Raise Taxes as Revenue Declines

At least 10 states face substantial budget gaps

(Newser) - A precipitous decline in tax revenue has at least 10 states considering major increases in sales or income taxes to close budget gaps that in some cases run into the billions, the Wall Street Journal reports. States like Oregon, facing a $4.4 billion budget gap and 10.8% unemployment,...

Geithner's Nomination Is Unlikely to Fail
Geithner's Nomination Is Unlikely to Fail
ANALYSIS
Jan 21, 2009 8:44 AM CST

Geithner's Nomination Is Unlikely to Fail

Taxes, schmaxes: Senate wants to know if he can fix economy

(Newser) - The herculean task awaiting Timothy Geithner is so critical to the nation that a niggling detail like unpaid taxes is unlikely to derail his bid to head up the Treasury Department, writes Deborah Solomon in the Wall Street Journal. While senators will likely press Geithner about his missteps during his...

Raise Gas Tax, But Reduce Payroll Tax
Raise Gas Tax, But Reduce Payroll Tax
OPINION
Jan 9, 2009 4:53 PM CST

Raise Gas Tax, But Reduce Payroll Tax

Drivers don't lose, government doesn't gain: Krauthammer

(Newser) - Raising the tax on gasoline makes sense for all kinds for reasons, writes Charles Krauthammer in the Weekly Standard, but it amounts to political suicide. His solution? Jack up the gas tax by $1 but reduce the payroll tax by $14 a week. Consumers don't lose money, and the government...

Forget That Stimulus Bill: 5 Things Obama Should Fix

Obama shouldn't rely on a stimulus package for a cure-all

(Newser) - Barack Obama and his team are devoting much effort to a proposed stimulus package for 2009, but that is simply a superficial fix, writes James K. Galbraith in Mother Jones. “The effect ends when the stimulus does, when the sugar shock wears off,” says Galbraith, who suggests five...

Journal Wonders Why McCain Is Waffling on Taxes
Journal Wonders Why McCain Is Waffling on Taxes
OPINION
Jul 30, 2008 5:49 PM CDT

Journal Wonders Why McCain Is Waffling on Taxes

He's giving away a must-win fight on the economy

(Newser) - Taxes should be an easy issue for John McCain, as he’s running against a Democrat “who says matter-of-factly that he wants to raise” them. So the Wall Street Journal wonders why he appears to be giving away his advantage. Given a chance to voice his support for private...

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