You do know that the original "bipartisan" bill co sponsored with Orin Hatch and republucan support was spending $85 billion and this had been cut down to $15 biliion. I understand where you are coming from, but I do not understand the "turncoat" criticism of Brown here without specifics
http://www.foxnews.com/politics/2010/02/11/reid-scales-jobs-eliminates-key-bipartisanship-elements/
"Sen. Orrin Hatch, R-Utah, who co-sponsored a key part of the initial $85 billion bill to offer a $5,000 payroll tax break to employers who hire new employees, also spoke favorably of the bill."
If the republican "leadership" had been supportive of this would you give brown a pass?
No. I don't care whether it came from Republicans or Democrats. I don't vote by party nor do I care which idiot wrote the thing.
To me the tax break was thrown in there to distract you from the real point of the bill.
The tax break is a blowjob before she tells you "Hey I cheated on you with your best friend. Sorry but wasn't that a nice blowjob? Let's go out for dinner. By the way I lost my purse...and I'm pregnant"
It's not a complete tax break. It's a temporary break from the requirements to pay social security tax until the end of 2010...for ONLY new hires.
Again, just social security tax, not all taxes...and only for 10 months..and only for new hires.
So...if you owned a business and you hired 2 new employees at 50k each, you would save $5166.66 as a result of this bill. During the 10 month period you would have spent $83333.33 on your employee salary, not to mention other costs associated with maintaining that employee for the current year and for years to come because you can't simply let them go after this tax break is over. (Even if you did you'd still have to pay unemployment for them). Would any business ever take those odds?
Basically ask yourself: If I'm not hiring any employees now...I could spend $84k to save $5k for this year, but then would have to spend $100k every year thereafter without any discount? Is $5k discount worth jumping into a recurring $100 expense every year?
THE REAL BILL:
There is a part of the bill which would spend
15 BILLION of our money on supporting social services such as unemployment, paying for people's healthcare etc.
It couldn't be more progressive in my opinion.
If I were in Congress right now I'd write a bill and call it the "Small Business Incentive Act" where I would give businesses who employ exactly 11.5 people a tax credit of $1000 per 10 years for new hires who make a combined salary of over $250,000. Oh and by the way, I would also spend $20 billion dollars on providing mittens for those in cold areas. Distribution of these mittens are projected to begin in June of 2010. Let me re-iterate, it's called the "Small Business Incentive Act". I'm helping job creation.