Small business group doesn't see big impact - Spokane, North Idaho News & Weather KHQ.com

Small business group doesn't see big impact

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WASHINGTON. - A group that lobbies on behalf of small business predicts a bill passed today won't have much effect.
     
The bill gives a temporary payroll tax holiday to companies that hire unemployed workers. It won final congressional approval in the Senate with bipartisan support, and President Barack Obama has said he will sign it.
     
The bill exempts businesses that hire the unemployed from paying the 6.2 percent Social Security payroll tax through December, and gives employers an additional $1,000 credit if new workers stay on the job a full year.
     
But the National Federation of Independent Business says most businesses that are going to be able to take the credit were probably going to hire the workers anyway. It says until the economy picks up, there won't be much incentive for businesses to add new workers.
     
Optimistic estimates say the tax break could generate 250,000 jobs through the end of the year.

It would add $13 billion to the debt in the coming three years, prompting one Republican Senate
opponent to ask, "When are we going to stop spending money around here as if there's no tomorrow?"

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    >>

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    >>

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    >>
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    >>

    SPOKANE, Wash. - Durham Bus Services has had a rough start to the school year. Less, than one week in, Durham had to answer for a bus driver who dropped off a kindergartner at the wrong bus stop. Then, they had to respond to parents' concerns about overcrowding on school buses. On Thursday, they were once again addressing a serious parent concern.

    >>
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