Employment Law Updates | New Proposed Legislation
February 18, 2010
Bill Providing Job-Creation Tax Incentives to Private Sector Employers Unveiled in the Senate
Hire Now Tax Cut Act of 2010
S. 2983, 2/3/2010
The bipartisan Hire Now Tax Cut Act of 2010, which is co-sponsored by Senators Orrin Hatch, R-Utah, and Charles Schumer, D-N.Y., would allow any private-sector employer that hires a worker who had been unemployed for at least 60 days to not have to pay the employer’s share (6.2 percent) of the Social Security payroll tax on that employee for the remainder of 2010.
“This is an affordable, effective and targeted proposal to get the American people back to work,” said Hatch. “As a conservative, I appreciate that this proposal isn’t about more and more government spending; it’s about tax relief…
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View a PDF of the proposed legislation
