1. The document outlines President Obama's American Jobs Act, which includes proposals to cut payroll taxes for businesses and workers to encourage hiring, invest in infrastructure projects to put people back to work, reform unemployment insurance, and provide tax relief to middle class families.
2. It proposes tax cuts and credits for small businesses to hire new workers, veterans, and the long-term unemployed as well as investments in schools, transportation, and a national infrastructure bank.
3. Reforms to the unemployment system are aimed at helping the long-term unemployed transition back to work through job search assistance and flexible programs.
The document summarizes President Obama's plan to create jobs called the American Jobs Act. The plan includes: 1) Tax cuts to help small businesses hire and grow through payroll tax cuts and incentives. 2) Putting workers back to work through infrastructure projects, preventing teacher layoffs, and helping veterans find jobs. 3) New pathways to work through unemployment insurance reforms and subsidized jobs. The plan is fully paid for as part of the President's long-term deficit reduction goals.
Canada’s small- and medium-size enterprises
(SMEs) are collectively the largest employer in
Canada, employing about 55 per cent of
Canadians (based on Statistics Canada’s Survey
of Employment, Payrolls and Hours 2008).
When you take into account the fact that they
contribute 1.4 times the premiums their
employees do, this makes them the single
largest employer-stakeholder group in the EI
system today. SMEs employ Canadians in every
province and in every sector of the economy,
from the retail and service sectors to
manufacturing and primary industries. This
broad range of industries and employee
requirements make SME owners an excellent
judge of the efficacy of the EI system.
EI is becoming a more and more important
issue for SMEs. In fact, EI is one of the top
priorities for CFIB members across the nation.
This was highlighted in a survey conducted in
the first half of 2009, which found that 48 per
cent of CFIB members listed EI reform as a
priority for their business, behind only the
total tax burden and regulations and paper
burden, both of which are also directly related
to the EI system.
President Obama's plan focuses on investing in education, research, and clean energy to create jobs; reforming the tax code to pay down the deficit while asking millionaires to pay more; and rebuilding infrastructure by ending wars and using the savings. Key points include creating 1 million manufacturing jobs, doubling exports, cutting the growth of college tuition, and expanding access to affordable health care.
- The vast majority (88%) of the US federal budget is spent on five areas: healthcare, retirement, military, welfare, and interest on debt. The three largest areas are healthcare (26%), retirement (27%), and military (18%).
- The document proposes reducing spending in these three large areas in order to return the budget to surplus and pay down the national debt. Specific proposals include raising the eligibility ages for Social Security and Medicare benefits, reducing military spending by bringing troops home, and removing the healthcare mandate on employers.
- The savings would be used to fund a large public works program to employ unemployed Americans and stimulate the economy. Additional proposals aim to further reduce the deficit and encourage job growth.
Poster presentation on brexit, donuld trump, economic crisis by innovation squadkamrul islam
The document discusses several potential consequences of Donald Trump's presidency on labor and employment issues in the United States:
1. Trump has pledged to pursue more pro-employer practices like creating 25 million new jobs over 10 years and raising the minimum wage.
2. His policies around immigration and foreign workers hiring could significantly impact low-wage industries by potentially deporting undocumented immigrants and placing new restrictions on hiring foreign labor.
3. Various labor-backed initiatives around increasing the minimum wage, expanding paid leave, regulating unpredictable work scheduling, and enforcing wage theft laws may continue advancing at the state level, even without federal support.
SMART CHOICES
Make better use of data to drive accountability, inform what programs are offered and what is taught, and offer user-friendly information for job seekers to choose programs and pathways that work for them and are likely to result in jobs. In order to determine what skills should be taught and to guide job seekers as they choose what to study and where to apply for jobs, programs should make better use of data to understand current and projected local, regional, state, and national labor markets. These data may include information on the number and types of jobs available; projected regional job growth; and specific job characteristics, skills requirements, and career opportunities. These data should be publicly available and easily accessible by job seekers.
The document outlines the Jamaica Labour Party's 10-point plan to promote economic growth and job creation in Jamaica. The key points of the plan include establishing a Ministry of Economic Growth and Job Creation, simplifying the tax system, investing in water infrastructure, listing state-owned enterprises on the stock exchange, supporting small and medium businesses, and reforming governance. The overall goals are to facilitate investment, foster public-private partnerships, minimize bureaucracy, and put Jamaica back on a path of robust economic growth and employment opportunities.
The Big Quiz is an annual quiz competition organized by The Straits Times and the Ministry of Education for pre-university and year 5 integrated programme students from 24 participating schools. It consists of 4 quiz rounds where teams compete for a championship trophy and $5,000 cash prize. The event is co-organized by The Straits Times and MOE and has Shell as its presenting sponsor and innovation partner. In the lead up to the competition, there are primers, talks by ST editors, and a segment for students to provide input on question topics.
The document summarizes President Obama's plan to create jobs called the American Jobs Act. The plan includes: 1) Tax cuts to help small businesses hire and grow through payroll tax cuts and incentives. 2) Putting workers back to work through infrastructure projects, preventing teacher layoffs, and helping veterans find jobs. 3) New pathways to work through unemployment insurance reforms and subsidized jobs. The plan is fully paid for as part of the President's long-term deficit reduction goals.
Canada’s small- and medium-size enterprises
(SMEs) are collectively the largest employer in
Canada, employing about 55 per cent of
Canadians (based on Statistics Canada’s Survey
of Employment, Payrolls and Hours 2008).
When you take into account the fact that they
contribute 1.4 times the premiums their
employees do, this makes them the single
largest employer-stakeholder group in the EI
system today. SMEs employ Canadians in every
province and in every sector of the economy,
from the retail and service sectors to
manufacturing and primary industries. This
broad range of industries and employee
requirements make SME owners an excellent
judge of the efficacy of the EI system.
EI is becoming a more and more important
issue for SMEs. In fact, EI is one of the top
priorities for CFIB members across the nation.
This was highlighted in a survey conducted in
the first half of 2009, which found that 48 per
cent of CFIB members listed EI reform as a
priority for their business, behind only the
total tax burden and regulations and paper
burden, both of which are also directly related
to the EI system.
President Obama's plan focuses on investing in education, research, and clean energy to create jobs; reforming the tax code to pay down the deficit while asking millionaires to pay more; and rebuilding infrastructure by ending wars and using the savings. Key points include creating 1 million manufacturing jobs, doubling exports, cutting the growth of college tuition, and expanding access to affordable health care.
- The vast majority (88%) of the US federal budget is spent on five areas: healthcare, retirement, military, welfare, and interest on debt. The three largest areas are healthcare (26%), retirement (27%), and military (18%).
- The document proposes reducing spending in these three large areas in order to return the budget to surplus and pay down the national debt. Specific proposals include raising the eligibility ages for Social Security and Medicare benefits, reducing military spending by bringing troops home, and removing the healthcare mandate on employers.
- The savings would be used to fund a large public works program to employ unemployed Americans and stimulate the economy. Additional proposals aim to further reduce the deficit and encourage job growth.
Poster presentation on brexit, donuld trump, economic crisis by innovation squadkamrul islam
The document discusses several potential consequences of Donald Trump's presidency on labor and employment issues in the United States:
1. Trump has pledged to pursue more pro-employer practices like creating 25 million new jobs over 10 years and raising the minimum wage.
2. His policies around immigration and foreign workers hiring could significantly impact low-wage industries by potentially deporting undocumented immigrants and placing new restrictions on hiring foreign labor.
3. Various labor-backed initiatives around increasing the minimum wage, expanding paid leave, regulating unpredictable work scheduling, and enforcing wage theft laws may continue advancing at the state level, even without federal support.
SMART CHOICES
Make better use of data to drive accountability, inform what programs are offered and what is taught, and offer user-friendly information for job seekers to choose programs and pathways that work for them and are likely to result in jobs. In order to determine what skills should be taught and to guide job seekers as they choose what to study and where to apply for jobs, programs should make better use of data to understand current and projected local, regional, state, and national labor markets. These data may include information on the number and types of jobs available; projected regional job growth; and specific job characteristics, skills requirements, and career opportunities. These data should be publicly available and easily accessible by job seekers.
The document outlines the Jamaica Labour Party's 10-point plan to promote economic growth and job creation in Jamaica. The key points of the plan include establishing a Ministry of Economic Growth and Job Creation, simplifying the tax system, investing in water infrastructure, listing state-owned enterprises on the stock exchange, supporting small and medium businesses, and reforming governance. The overall goals are to facilitate investment, foster public-private partnerships, minimize bureaucracy, and put Jamaica back on a path of robust economic growth and employment opportunities.
The Big Quiz is an annual quiz competition organized by The Straits Times and the Ministry of Education for pre-university and year 5 integrated programme students from 24 participating schools. It consists of 4 quiz rounds where teams compete for a championship trophy and $5,000 cash prize. The event is co-organized by The Straits Times and MOE and has Shell as its presenting sponsor and innovation partner. In the lead up to the competition, there are primers, talks by ST editors, and a segment for students to provide input on question topics.
The document is a blueprint from President Obama outlining his plan to build an American economy that lasts. It proposes policies to create manufacturing jobs in America, train skilled workers, develop energy resources, and ensure fairness. Specific policies include eliminating tax deductions for outsourcing and creating credits for insourcing, lowering taxes for manufacturers, reforming corporate tax codes, strengthening trade enforcement, and investing half the savings from ending wars into rebuilding infrastructure to create jobs. The plan aims to strengthen the middle class and reward those who work hard through a fair set of economic rules.
The document discusses definitions and criteria for calculating minimum wage according to the United Nations and International Labour Organization. It outlines that minimum wage should provide a decent living for workers and their families and be set above the poverty line. It also discusses different methods of minimum wage payment and considerations for implementing minimum wage policies, including the need for awareness programs, governmental incentives, and effective monitoring systems.
Healthcare Reform: Q&A for Business Owners (April 2010)G&A Partners
The passage of President Obama’s Patient Protection and Affordable Care Act (the Act), better known as Healthcare Reform, will have far-reaching implications for individual taxpayers and business alike. Valuable information is being generated and distributed at a breakneck pace by insurance and tax experts, but those materials can be overwhelming for anyone who is not fluent in insurance or tax-speak.
Can my company keep its existing health insurance plan?
As an employer, am I required to provide health coverage for my employees?
When will this new legislation take effect?
As an employer, I find the idea of implementing these changes overwhelming. Where do I start?
My company does not currently provide healthcare for our employees, but in light of this legislation I am considering establishing a plan. Is that the right decision?
We will focus on the elements of the Act that are likely to have the greatest and most immediate impact on small to mid-sized businesses and will take time to answer all your questions.
The Brazilian payroll system is one of the most complex in the world due to its constantly changing legislation, influence of labor unions, and variety of allowances and social benefits that must be calculated. Companies must negotiate with multiple unions and deal with approximately 60 legislative changes and 5 statutory value adjustments each year that impact payroll. Compliance is challenging due to the interpretation of laws and programs like eSocial, which increases reporting requirements and fines for delays.
Economic alliance health care reform update march 5-2013Michelle Hundley
The document summarizes upcoming changes to health care reform regulations beginning in 2013, including limits on flexible spending accounts, new reporting requirements for employers, comparative effectiveness research fees, exchange notices for employees, individual mandates, employer pay or play rules, and independent contractor classifications. It also outlines additional reforms taking effect in 2014, such as state health insurance exchanges, premium subsidies, individual and employer mandates, rating limits, and cost sharing limits.
The social security system in the Philippines provides protection for members against risks like sickness, disability, maternity, old age and death. The Social Security Act of 1997 made membership in the social security system compulsory for employees earning over P1,000 per month and self-employed individuals. The act provides for retirement benefits, death benefits, and disability benefits depending on the severity of the disability.
Small businesses face increasing pressures from rising costs and complex regulations. The document discusses several priorities for small businesses:
1) Standardizing rules and reducing compliance costs, as legislation and differing state regulations impose financial burdens on small operations.
2) Pursuing meaningful tax reform, including increasing asset write-offs and loss carry-backs. A survey found members want faster action on tax changes.
3) Providing genuine representation of small business needs at higher levels of government instead of unfulfilled promises. More review is urged to consider legislation's impacts on small businesses.
Proposal to lower or remove the minimum wage to reduce firms\’ labor costs and reduce the unemployment rate by providing more low-skilled workers with jobs.
Planning in India aimed to realize the aspirations of the freedom struggle and future generations. The objectives of planning were articulated by the National Planning Committee and incorporated into the Constitution. The basic task of economic planning was to achieve high growth, improve living standards, eradicate poverty and unemployment, and build a self-reliant economy. Regional disparities became acute, so plans emphasized balanced regional development through exploiting resources and increasing incomes across all regions. A two-pronged strategy prioritized investment in backward regions while also differentiating strategies based on state needs.
Governments of nations fix minimum wage with the aim of protecting the vulnerables of societies but is surprising that in many cases, it doesn't due to other factors.
Currently, 30 million Americans earn the $5.15 federal minimum wage. This wage leaves full-time workers below the poverty line. The minimum wage has not increased since 1997, and Democrats now propose raising it by $1.50 over 18 months. Both increasing the minimum wage and expanding the Earned Income Tax Credit could help low-income families, but the EITC targets assistance more efficiently by being based on family income rather than an individual's wages. There are reasonable arguments on both sides of this complex issue about how best to help the working poor without negatively impacting businesses or the economy.
The document discusses key provisions of the Patient Protection and Affordable Care Act of 2010 (ACA). It summarizes that the ACA will mandate health insurance coverage, create state-run health insurance exchanges, and change rules for employer-provided health plans. It outlines reforms that will take effect between 2010-2014, such as dependent coverage until age 26, prohibiting pre-existing condition exclusions, and employer penalties for large companies that do not provide adequate coverage. The document is intended to help explain the complex health care reform law to audiences like small business owners and health insurance professionals.
The document discusses the history and current status of the federal minimum wage in the United States. It was first established in 1938 by the Fair Labor Standards Act and has been amended several times to increase the minimum hourly rate. Currently, the federal minimum wage is $7.25 per hour but some advocate raising it due to many Americans still living in poverty while working full-time minimum wage jobs. Supporters argue a raise would boost the economy through increased consumer spending, while opponents believe it could increase unemployment and business costs. The document also outlines who is eligible for minimum wage protection and penalties for employers that do not pay their workers the minimum wage.
An up-to-date review of the Affordable Care Act, sometimes called ObamaCare. I will be presenting this tomorrow at the Crowne Plaza in White Plains, NY.
The document summarizes the key aspects of the Union Budget 2020-21 presented by the Finance Minister Nirmala Sitharaman, including structural reforms focused on governance, financial sector, agriculture, and infrastructure development, as well as expenditure estimates and tax proposals aimed at boosting the Indian economy and achieving the government's vision of an aspirational India. The budget aims to balance growth promotion with fiscal discipline through measured stimulus targeted at entrepreneurship, trust-building, and citizen prosperity.
The document discusses minimum wage policies in various countries including Malaysia. It provides background on when minimum wage laws were first enacted and notes that over 90% of countries now have such policies. It then outlines the structure and topics to be covered in the presentation, including definitions of minimum wage, impacts on poverty and economic growth, labor supply and demand curves, the Malaysian policy, and debates on the pros and cons.
The document discusses the U.S. Chamber of Commerce's views on the state of the U.S. economy and policy priorities. It predicts moderate economic growth in 2013 but notes ongoing economic uncertainties. It advocates reducing deficits through entitlement reform, comprehensive tax reform including corporate tax cuts, and increased domestic energy production. The document also outlines "fiscal cliffs", the sequester cuts, and key dates in 2013 budget debates.
The document outlines key components of President Obama's American Jobs Act, including tax cuts and incentives to help small businesses hire and grow. It proposes halving the payroll tax for businesses on the first $5 million in wages, providing a payroll tax holiday for new hiring or wage increases, and extending full business expensing. It also discusses regulatory reforms and improved access to capital to support small business growth and job creation. The overall goals are to put people back to work and put more money in the pockets of working Americans without adding to the deficit.
The document outlines key components of President Obama's American Jobs Act, including providing tax cuts to help small businesses hire and grow. It proposes a payroll tax cut for all businesses on the first $5 million of payroll. It also proposes a complete payroll tax holiday for new jobs or wage increases up to $50 million in new wages. The plan aims to put more people back to work and more money in the pockets of working Americans without adding to the federal deficit.
The President's plan aims to boost economic growth and job creation through short-term investments while reducing the deficit over 10 years. It includes $4.4 trillion in deficit reduction through spending cuts, health care savings, and tax reforms. The plan cuts the payroll tax for workers and businesses, extends unemployment benefits, and invests in infrastructure to create jobs now while reducing tax breaks for the wealthy to cut the long-term deficit. If enacted, the national debt would fall to 73% of GDP by 2021 compared to 90.7% if no action is taken.
The document is a blueprint from President Obama outlining his plan to build an American economy that lasts. It proposes policies to create manufacturing jobs in America, train skilled workers, develop energy resources, and ensure fairness. Specific policies include eliminating tax deductions for outsourcing and creating credits for insourcing, lowering taxes for manufacturers, reforming corporate tax codes, strengthening trade enforcement, and investing half the savings from ending wars into rebuilding infrastructure to create jobs. The plan aims to strengthen the middle class and reward those who work hard through a fair set of economic rules.
The document discusses definitions and criteria for calculating minimum wage according to the United Nations and International Labour Organization. It outlines that minimum wage should provide a decent living for workers and their families and be set above the poverty line. It also discusses different methods of minimum wage payment and considerations for implementing minimum wage policies, including the need for awareness programs, governmental incentives, and effective monitoring systems.
Healthcare Reform: Q&A for Business Owners (April 2010)G&A Partners
The passage of President Obama’s Patient Protection and Affordable Care Act (the Act), better known as Healthcare Reform, will have far-reaching implications for individual taxpayers and business alike. Valuable information is being generated and distributed at a breakneck pace by insurance and tax experts, but those materials can be overwhelming for anyone who is not fluent in insurance or tax-speak.
Can my company keep its existing health insurance plan?
As an employer, am I required to provide health coverage for my employees?
When will this new legislation take effect?
As an employer, I find the idea of implementing these changes overwhelming. Where do I start?
My company does not currently provide healthcare for our employees, but in light of this legislation I am considering establishing a plan. Is that the right decision?
We will focus on the elements of the Act that are likely to have the greatest and most immediate impact on small to mid-sized businesses and will take time to answer all your questions.
The Brazilian payroll system is one of the most complex in the world due to its constantly changing legislation, influence of labor unions, and variety of allowances and social benefits that must be calculated. Companies must negotiate with multiple unions and deal with approximately 60 legislative changes and 5 statutory value adjustments each year that impact payroll. Compliance is challenging due to the interpretation of laws and programs like eSocial, which increases reporting requirements and fines for delays.
Economic alliance health care reform update march 5-2013Michelle Hundley
The document summarizes upcoming changes to health care reform regulations beginning in 2013, including limits on flexible spending accounts, new reporting requirements for employers, comparative effectiveness research fees, exchange notices for employees, individual mandates, employer pay or play rules, and independent contractor classifications. It also outlines additional reforms taking effect in 2014, such as state health insurance exchanges, premium subsidies, individual and employer mandates, rating limits, and cost sharing limits.
The social security system in the Philippines provides protection for members against risks like sickness, disability, maternity, old age and death. The Social Security Act of 1997 made membership in the social security system compulsory for employees earning over P1,000 per month and self-employed individuals. The act provides for retirement benefits, death benefits, and disability benefits depending on the severity of the disability.
Small businesses face increasing pressures from rising costs and complex regulations. The document discusses several priorities for small businesses:
1) Standardizing rules and reducing compliance costs, as legislation and differing state regulations impose financial burdens on small operations.
2) Pursuing meaningful tax reform, including increasing asset write-offs and loss carry-backs. A survey found members want faster action on tax changes.
3) Providing genuine representation of small business needs at higher levels of government instead of unfulfilled promises. More review is urged to consider legislation's impacts on small businesses.
Proposal to lower or remove the minimum wage to reduce firms\’ labor costs and reduce the unemployment rate by providing more low-skilled workers with jobs.
Planning in India aimed to realize the aspirations of the freedom struggle and future generations. The objectives of planning were articulated by the National Planning Committee and incorporated into the Constitution. The basic task of economic planning was to achieve high growth, improve living standards, eradicate poverty and unemployment, and build a self-reliant economy. Regional disparities became acute, so plans emphasized balanced regional development through exploiting resources and increasing incomes across all regions. A two-pronged strategy prioritized investment in backward regions while also differentiating strategies based on state needs.
Governments of nations fix minimum wage with the aim of protecting the vulnerables of societies but is surprising that in many cases, it doesn't due to other factors.
Currently, 30 million Americans earn the $5.15 federal minimum wage. This wage leaves full-time workers below the poverty line. The minimum wage has not increased since 1997, and Democrats now propose raising it by $1.50 over 18 months. Both increasing the minimum wage and expanding the Earned Income Tax Credit could help low-income families, but the EITC targets assistance more efficiently by being based on family income rather than an individual's wages. There are reasonable arguments on both sides of this complex issue about how best to help the working poor without negatively impacting businesses or the economy.
The document discusses key provisions of the Patient Protection and Affordable Care Act of 2010 (ACA). It summarizes that the ACA will mandate health insurance coverage, create state-run health insurance exchanges, and change rules for employer-provided health plans. It outlines reforms that will take effect between 2010-2014, such as dependent coverage until age 26, prohibiting pre-existing condition exclusions, and employer penalties for large companies that do not provide adequate coverage. The document is intended to help explain the complex health care reform law to audiences like small business owners and health insurance professionals.
The document discusses the history and current status of the federal minimum wage in the United States. It was first established in 1938 by the Fair Labor Standards Act and has been amended several times to increase the minimum hourly rate. Currently, the federal minimum wage is $7.25 per hour but some advocate raising it due to many Americans still living in poverty while working full-time minimum wage jobs. Supporters argue a raise would boost the economy through increased consumer spending, while opponents believe it could increase unemployment and business costs. The document also outlines who is eligible for minimum wage protection and penalties for employers that do not pay their workers the minimum wage.
An up-to-date review of the Affordable Care Act, sometimes called ObamaCare. I will be presenting this tomorrow at the Crowne Plaza in White Plains, NY.
The document summarizes the key aspects of the Union Budget 2020-21 presented by the Finance Minister Nirmala Sitharaman, including structural reforms focused on governance, financial sector, agriculture, and infrastructure development, as well as expenditure estimates and tax proposals aimed at boosting the Indian economy and achieving the government's vision of an aspirational India. The budget aims to balance growth promotion with fiscal discipline through measured stimulus targeted at entrepreneurship, trust-building, and citizen prosperity.
The document discusses minimum wage policies in various countries including Malaysia. It provides background on when minimum wage laws were first enacted and notes that over 90% of countries now have such policies. It then outlines the structure and topics to be covered in the presentation, including definitions of minimum wage, impacts on poverty and economic growth, labor supply and demand curves, the Malaysian policy, and debates on the pros and cons.
The document discusses the U.S. Chamber of Commerce's views on the state of the U.S. economy and policy priorities. It predicts moderate economic growth in 2013 but notes ongoing economic uncertainties. It advocates reducing deficits through entitlement reform, comprehensive tax reform including corporate tax cuts, and increased domestic energy production. The document also outlines "fiscal cliffs", the sequester cuts, and key dates in 2013 budget debates.
The document outlines key components of President Obama's American Jobs Act, including tax cuts and incentives to help small businesses hire and grow. It proposes halving the payroll tax for businesses on the first $5 million in wages, providing a payroll tax holiday for new hiring or wage increases, and extending full business expensing. It also discusses regulatory reforms and improved access to capital to support small business growth and job creation. The overall goals are to put people back to work and put more money in the pockets of working Americans without adding to the deficit.
The document outlines key components of President Obama's American Jobs Act, including providing tax cuts to help small businesses hire and grow. It proposes a payroll tax cut for all businesses on the first $5 million of payroll. It also proposes a complete payroll tax holiday for new jobs or wage increases up to $50 million in new wages. The plan aims to put more people back to work and more money in the pockets of working Americans without adding to the federal deficit.
The President's plan aims to boost economic growth and job creation through short-term investments while reducing the deficit over 10 years. It includes $4.4 trillion in deficit reduction through spending cuts, health care savings, and tax reforms. The plan cuts the payroll tax for workers and businesses, extends unemployment benefits, and invests in infrastructure to create jobs now while reducing tax breaks for the wealthy to cut the long-term deficit. If enacted, the national debt would fall to 73% of GDP by 2021 compared to 90.7% if no action is taken.
Cbizmhm special report_fiscal-year-2016-budget-proposalsCBIZ, Inc.
President Obama released his $3.99 trillion FY 2016 budget proposal calling for tax increases on higher-income individuals and businesses, expanded tax credits for families and education, and making some business tax breaks like research credit permanent. The budget also proposed international tax reforms including a one-time 14% tax on foreign earnings and a 19% minimum tax on foreign profits. Congressional Republicans and Democrats have indicated willingness to discuss tax reform but differ on key issues like rates and which deductions to eliminate.
Barack Obama's economic stimulus plan aims to inject $120 billion into the economy. It includes providing an immediate $250 tax cut for workers and families, a $250 payment to seniors, additional payments if unemployment rises, assistance for homeowners facing foreclosure, $10 billion in relief for states hardest hit, and expanding unemployment insurance. The goal is to directly help those most in need and increase economic activity while lessening the impact of a potential recession.
Coronavirus Financial Assistance ProgramsMark Gottlieb
[Attorneys of All Disciplines] Under The Caption - "Must Be Shared" - Download our PowerPoint Presentation discussing the various Coronavirus Financial Assistance Programs. Many of you are also eligible. Call us if you need further assistance.
[퐀퐭퐭퐨퐫퐧퐞퐲퐬 퐨퐟 퐀퐥퐥 퐃퐢퐬퐜퐢퐩퐥퐢퐧퐞퐬] 퐔퐧퐝퐞퐫 퐓퐡퐞 퐂퐚퐩퐭퐢퐨퐧 - "퐌퐮퐬퐭 퐁퐞 퐒퐡퐚퐫퐞퐝"- Download our PowerPoint Presentation discussing the various Coronavirus Financial Assistance Programs. Many of you are eligible. Call us if you need further assistance.
This document provides an overview and goals of the Trump Administration's unified framework for tax reform. The framework aims to simplify the tax code, provide tax relief for middle-class families and small businesses, and make the United States more competitive globally. It proposes consolidating the current seven tax brackets into three brackets of 12%, 25%, and 35%. It also roughly doubles the standard deduction and increases the child tax credit to benefit middle-class families. The framework seeks to lower the corporate tax rate to 20% and allow businesses to immediately write off capital investments to spur business investment and growth.
We are a firm of Chartered Accountants who have drafted a proposal for providing stimulus to our entrepreneurs without much compromise on revenue targets set by the Finance Ministry. We have emailed this proposal to Hon. Minister of Finance Smt. Nirmala Sitharaman Ji on 27th April 2020.
We are sure that if implemented with right spirit, our countrymen are motivated enough to help kick-start the growth and development of our nation at a desired speed to make it a US$ 5-trillion economy.
We are facing some very difficult budget choices and challenges for Massachusetts for Fiscal Year 2011 (July 2010 - July 2011). Governor Patrick and his administration are holding a series of hearings and forums around the state to get input and ideas from citizens where this presentation is included. To learn more about the hearings and forums, visit www.mass.gov/governor/forums
If you weren't able to make a hearing or forum or want to be prepared before you attend one, this presentation is about 9 minutes long and will give you a basic overview of the budget situation. Please review it, then visit our blog at www.mass.gov/blog/engage to comment and share your ideas.
Culture Collective Coronavirus SBA Finance (3-29-2020)Chris Van Noy
Explanation of the financing options available from the CARES Act (3-27-2020) for small business - focusing on the music industry.
Culture Collective - Jonathan Azu
Red Road Advisory - Chris Van Noy
The Obama Record 2009-2017 - Economic ProgressJeremy Shih
The document summarizes President Obama's economic policies and actions taken in response to the 2008 financial crisis and recession. It discusses steps taken to stabilize the economy and financial system, invest in infrastructure, education, and clean energy, assist the auto and housing industries, reform Wall Street, and support small businesses and manufacturing. The overall goal was to arrest the crisis, restart growth and job creation, and rebuild the economy on a stronger long-term foundation.
The document summarizes employer tax credit programs established by the federal government to incentivize hiring targeted groups of employees. It describes an expanded program under the Obama administration that allows employers to receive tax credits for hiring veterans, disconnected youth, and others. Hiring from these groups can provide employers credits of $1,500-2,000 per qualified employee that are filed by a company specializing in securing these credits for clients.
Government Initiatives to Support Businesses During Covid-19Net Stripes
With the Covid-19 pandemic battering the global economy, the Government’s decision to provide financial assistance through a stimulus package and grants is a wave of relief among small and medium sized business owners, but how do they actually work for us? https://bit.ly/2WlQ1II
The document is a blueprint from President Obama outlining policies to build an American economy that lasts. It proposes encouraging manufacturing in the US by eliminating tax deductions for outsourcing and providing credits for insourcing. It also aims to develop skills training programs and make community colleges and businesses partners to train workers. Additionally, it seeks to maximize US energy resources like natural gas. The overall goal is an economy where hard work pays off and everyone plays by fair rules.
Jobs, Innovation, and Opportunity in the StatesALEC
With unemployment remaining stubbornly high, and most Americans worrying about pocketbook issues like jobs, energy costs, retirement security, and health care affordability – ALEC releases its plan for Jobs, Innovation, and Opportunity. State lawmakers today face very difficult economic challenges. Since 1973, ALEC has focused on providing solutions to America’s biggest problems. State lawmakers can conquer today’s economic challenges by refocusing on our nation’s founding principles of limited government and free markets. The states, not Washington, D.C., must take the lead in restarting America’s economic engine and putting people back to work.
For more information, please visit www.alec.org.
The following blog focuses on a number of areas in relation to the 2014-15 budget that will be of interest to human resources and payroll professionals.
This 3-sentence summary provides an overview of the key points in the Singaporean government's budget document:
The budget document outlines Singapore's plans to promote quality economic growth through policies like tightening foreign worker rules, raising wages, and developing new industries; to build a more inclusive society with measures like increasing spending on education, strengthening social safety nets; and to provide $1.7 billion in direct assistance to households to help with cost of living expenses.
Similar to American jobs act short version 9 8 final version (20)
The document describes Professor Christopher LaFayelle's Strategic Developers Development service which helps nonprofits identify skills needed for growth, develop current staff, and create talent development plans. The service identifies competencies required, maps them to organizational needs, aligns talent management practices, and develops staff through templates, interviews, and competency models. Expected impacts are integrating staffing with strategy, identifying gaps, and systematizing talent assessment. The service is best for nonprofits with a strategic plan, HR commitment, job descriptions, HR systems, and staff time investment.
Christopher LaFayelle proposes an ongoing, proactive approach to increasing growth through innovation, imagination, inspiration, creativity, new social ventures, community outreach, social responsibility, entrepreneurship, volunteering, strategic alliances, partnerships, social and economic impact, transparency, nonprofit and for-profit business development, and achieving mission-related goals. The document discusses strategic planning and what it will take to initiate and succeed with strategic planning, including having a process sponsor, champion, planning team, flexibility, ability to pull people together, and consideration of different evaluation criteria. It also discusses strategic staff development and identifying needed skills and talents, assessing the current team, and creating realistic development plans.
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1. EMBARGOED UNTIL DELIVERY OF OF PRESIDENT’S SPEECH
EMBARGOED UNTIL DELIVERY THE PRESIDENT’S SPEECH
THE AMERICAN JOBS ACT
1. Tax Cuts to Help America’s Small Businesses Hire and Grow
Cutting the payroll tax in half for 98 percent of businesses: The President’s plan will cut in half the taxes
paid by businesses on their first $5 million in payroll, targeting the benefit to the 98 percent of firms that
have payroll below this threshold.
A complete payroll tax holiday for added workers or increased wages: The President’s plan will completely
eliminate payroll taxes for firms that increase their payroll by adding new workers or increasing the wages
of their current worker (the benefit is capped at the first $50 million in payroll increases).
Extending 100% expensing into 2012: This continues an effective incentive for new investment.
Reforms and regulatory reductions to help entrepreneurs and small businesses access capital.
2. Putting Workers Back on the Job While Rebuilding and Modernizing America
A “Returning Heroes” hiring tax credit for veterans: This provides tax credits from $5,600 to $9,600 to
encourage the hiring of unemployed veterans.
Preventing up to 280,000 teacher layoffs, while keeping cops and firefighters on the job.
Modernizing at least 35,000 public schools across the country, supporting new science labs, Internet-ready
classrooms and renovations at schools across the country, in rural and urban areas.
Immediate investments in infrastructure and a bipartisan National Infrastructure Bank, modernizing our
roads, rail, airports and waterways while putting hundreds of thousands of workers back on the job.
A New “Project Rebuild”, which will put people to work rehabilitating homes, businesses and communities,
leveraging private capital and scaling land banks and other public-private collaborations.
Expanding access to high-speed wireless as part of a plan for freeing up the nation’s spectrum.
3. Pathways Back to Work for Americans Looking for Jobs.
The most innovative reform to the unemployment insurance program in 40 years: As part of an extension of
unemployment insurance to prevent 5 million Americans looking for work from losing their benefits, the
President’s plan includes innovative work-based reforms to prevent layoffs and give states greater flexibility
to use UI funds to best support job-seekers, including:
o Work-Sharing: UI for workers whose employers choose work-sharing over layoffs.
o A new “Bridge to Work” program: The plan builds on and improves innovative state programs
where those displaced take temporary, voluntary work or pursue on-the-job training.
o Innovative entrepreneurship and wage insurance programs: States will also be empowered to
implement wage insurance to help reemploy older workers and programs that make it easier for
unemployed workers to start their own businesses.
A $4,000 tax credit to employers for hiring long-term unemployed workers.
Prohibiting employers from discriminating against unemployed workers when hiring.
Expanding job opportunities for low-income youth and adults through a fund for successful approaches for
subsidized employment, innovative training programs and summer/year-round jobs for youth.
4. Tax Relief for Every American Worker and Family
Cutting payroll taxes in half for 160 million workers next year: The President’s plan will expand the payroll
tax cut passed last year to cut workers payroll taxes in half in 2012 – providing a $1,500 tax cut to the
typical American family, without negatively impacting the Social Security Trust Fund.
Allowing more Americans to refinance their mortgages at today’s near 4 percent interest rates, which can
put more than $2,000 a year in a family’s pocket.
5. Fully Paid for as Part of the President’s Long-Term Deficit Reduction Plan. To ensure that the American Jobs
Act is fully paid for, the President will call on the Joint Committee to come up with additional deficit reduction
necessary to pay for the Act and still meet its deficit target. The President will, in the coming days, release a
detailed plan that will show how we can do that while achieving the additional deficit reduction necessary to meet
the President’s broader goal of stabilizing our debt as a share of the economy.
1
2. EMBARGOED UNTIL DELIVERY OF THE PRESIDENT’S SPEECH
AMERICAN JOBS ACT OVERVIEW
The American people understand that the economic crisis and the deep recession weren’t created
overnight and won’t be solved overnight. The economic security of the middle class has been
under attack for decades. That’s why President Obama believes we need to do more than just
recover from this economic crisis – we need to rebuild the economy the American way, based on
balance, fairness, and the same set of rules for everyone from Wall Street to Main Street. We
can work together to create the jobs of the future by helping small business entrepreneurs, by
investing in education, and by making things the world buys. The President understands that to
restore an American economy that’s built to last we cannot afford to outsource American jobs
and encourage reckless financial deals that put middle class security at risk.
To create jobs, the President unveiled the American Jobs Act – nearly all of which is made up of
ideas that have been supported by both Democrats and Republicans, and that Congress should
pass right away to get the economy moving now. The purpose of the American Jobs Act is
simple: put more people back to work and put more money in the pockets of working Americans.
And it would do so without adding a dime to the deficit.
1. Tax Cuts to Help America’s Small Businesses Hire and Grow
New Tax Cuts to Businesses to Support Hiring and Investment: The President is proposing
three tax cuts to provide immediate incentives to hire and invest:
o Cutting the Payroll Tax in Half for the First $5 Million in Wages: This provision
would cut the payroll tax in half to 3.1% for employers on the first $5 million in
wages, providing broad tax relief to all businesses but targeting it to the 98 percent of
firms with wages below this level.
o Temporarily Eliminating Employer Payroll Taxes on Wages for New Workers or
Raises for Existing Workers: The President is proposing a full holiday on the 6.2%
payroll tax firms pay for any growth in their payroll up to $50 million above the prior
year, whether driven by new hires, increased wages or both. This is the kind of job
creation measure that CBO has called the most effective of all tax cuts in supporting
employment.
o Extending 100% Expensing into 2012: The President is proposing to extend 100
percent expensing, the largest temporary investment incentive in history, allowing all
firms – large and small – to take an immediate deduction on investments in new
plants and equipment.
Helping Entrepreneurs and Small Businesses Access Capital and Grow: The President’s plan
includes administrative, regulatory and legislative measures – including those developed and
recommended by the President’s Jobs Council – to help small firms start and expand. This
includes changing the way the government does business with small firms. The
Administration will soon announce a plan to accelerate government payments to small
contractors to help put money in their hands faster. The President is also charging his CIO and
CTO to, within 90 days, stand up a one-stop, online portal for small businesses to easily
access government services. As part of the President’s Startup America initiative, the
Administration will work with the SEC to conduct a comprehensive review of securities
regulations from the perspective of these small companies to reduce the regulatory burdens on
2
3. EMBARGOED UNTIL DELIVERY OF THE PRESIDENT’S SPEECH
small business capital formation in ways that are consistent with investor protection, including
expanding “crowdfunding” opportunities and increasing mini-offerings. Finally, the
President’s plan calls for Congress to pass comprehensive patent reform, increase guarantees
for bonds to help small businesses compete for infrastructure projects and remove
burdensome withholding requirements that keep capital out of the hands of job creators.
2. Putting Workers Back on the Job While Rebuilding and Modernizing America
Tax Credits and Career Readiness Efforts to Support Veterans’ Hiring: The President is
proposing a Returning Heroes Tax Credit of up to $5,600 for hiring unemployed veterans
who have been looking for a job for more than six months, and a Wounded Warriors Tax
Credit of up to $9,600 for hiring unemployed workers with service-connected disabilities
who have been looking for a job for more than six months, while creating a new task force to
maximize career readiness of servicemembers.
Preventing Layoffs of Teachers, Cops and Firefighters: The President is proposing to invest
$35 billion to prevent layoffs of up to 280,000 teachers, while supporting the hiring of tens of
thousands more and keeping cops and firefighters on the job. These funds would help states
and localities avoid and reverse layoffs now, requiring that funds be drawn down quickly.
Under the President’s proposal, $30 billion be directed towards educators and $5 billion
would support the hiring and retention of public safety and first responder personnel.
Modernizing Over 35,000 Schools – From Science Labs and Internet-Ready Classrooms to
Renovated Facilities: The President is proposing a $25 billion investment in school
infrastructure that will modernize at least 35,000 public schools – investments that will create
jobs, while improving classrooms and upgrading our schools to meet 21st century needs. This
includes a priority for rural schools and dedicated funding for Bureau of Indian Education
funded schools. Funds could be used for a range of emergency repair and renovation projects,
greening and energy efficiency upgrades, asbestos abatement and removal, and
modernization efforts to build new science and computer labs and to upgrade technology in
our schools. The President is also proposing a $5 billion investment in modernizing
community colleges (including tribal colleges), bolstering their infrastructure in this time of
need while ensuring their ability to serve future generations of students and communities.
Making an Immediate Investment in Our Roads, Rails and Airports: The President’s plan
includes $50 billion in immediate investments for highways, transit, rail and aviation, helping
to modernize an infrastructure that now receives a grade of “D” from the American Society
of Civil Engineers and putting hundreds of thousands of construction workers back on the
job. The President’s plan includes investments to improve our airports, support NextGen Air
Traffic Modernization efforts, and resources for the TIGER and TIFIA programs, which
target competitive dollars to innovative multi-modal infrastructure programs. It will also take
special steps to enhance infrastructure-related job training opportunities for individuals from
underrepresented groups and ensure that small businesses can compete for infrastructure
contracts. The President will work administratively to speed infrastructure investment
through a recently issued Presidential Memorandum developed with his Jobs Council
directing departments and agencies to identify high impact, job-creating infrastructure
projects that can be expedited in a transparent manner through outstanding review and
permitting processes. The call for greater infrastructure investment has been joined by
3
4. EMBARGOED UNTIL DELIVERY OF THE PRESIDENT’S SPEECH
leaders from AFL-CIO President Richard Trumka to U.S. Chamber of Commerce President
Thomas Donohue.
Establishing a National Infrastructure Bank: The President is calling for Congress to pass a
National Infrastructure Bank capitalized with $10 billion, in order to leverage private and
public capital and to invest in a broad range of infrastructure projects of national and regional
significance, without earmarks or traditional political influence. The Bank would be based on
the model Senators Kerry and Hutchison have championed while building on legislation by
Senators Rockefeller and Lautenberg and the work of long-time infrastructure bank
champions like Rosa DeLauro and the input of the President’s Jobs Council.
Project Rebuild: Putting People Back to Work Rehabilitating Homes, Businesses and
Communities. The President is proposing to invest $15 billion in a national effort to put
construction workers on the job rehabilitating and refurbishing hundreds of thousands of
vacant and foreclosed homes and businesses. Building on proven approaches to stabilizing
neighborhoods with high concentrations of foreclosures, Project Rebuild will bring in
expertise and capital from the private sector, focus on commercial and residential property
improvements, and expand innovative property solutions like land banks. This approach will
not only create construction jobs but will help reduce blight and crime and stabilize housing
prices in areas hardest hit by the housing crisis.
Expanding Access to High-Speed Wireless in a Fiscally Responsible Way: The President is
calling for a deficit reducing plan to deploy high-speed wireless services to at least 98
percent of Americans, including those in more remote rural communities, while freeing up
spectrum through incentive auctions, spurring innovation, and creating a nationwide,
interoperable wireless network for public safety.
3. Pathways Back to Work for Americans Looking for Jobs.
Reform Our Unemployment Insurance System to Provide Greater Flexibility, While Ensuring
6 Million People Do Not Lose Benefits: Drawing on the best ideas of both parties and the
most innovative states, the President is proposing the most sweeping reforms to the
unemployment insurance (UI) system in 40 years help those without jobs transition to the
workplace. Alongside these reforms, the President is reiterating his call to extend
unemployment insurance, preventing 6 million people looking for work from losing their
benefits and extending what the independent Congressional Budget Office has determined is
the highest “bang for the buck” option to increase economic activity.
o Reemployment Assistance: States will be required to design more rigorous
reemployment services for the long-term unemployed and to conduct assessments to
review the longest-term claimants of UI to assess their eligibility and help them
develop a work-search plan. These reforms are proven to speed up UI beneficiaries’
return to work.
o Work-sharing: The President will expand “work-sharing” to encourage arrangements
using UI that keep employees on the job at reduced hours, rather than laying them off.
o State Flexibility for Bold Reforms to Put the Long-Term Unemployed Back To
Work: The President is proposing to provide additional funds to allow states to
introduce new programs aimed at long-term unemployed workers, including:
“Bridge to Work” Programs: States will be able to put in place reforms that
build off what works in programs like Georgia Works or Opportunity North
4
5. EMBARGOED UNTIL DELIVERY OF THE PRESIDENT’S SPEECH
Carolina, while instituting important fixes and reforms that ensure minimum
wage and fair labor protections are being enforced. These approaches permits
long-term unemployed workers to continue receiving UI while they take
temporary, voluntary work or pursue work-based training. The President’s
plan requires compliance with applicable minimum wage and other worker
rights laws.
Wage Insurance: States will be able to use UI to encourage older, long-term
unemployed Americans to return to work in new industries or occupations.
Startup Assistance: States will have flexibility to help long-term unemployed
workers create their own jobs by starting their own small businesses.
Other Reemployment Reforms: States will be able to seek waivers from the
Secretary of Labor to implement other innovative reforms to connect the long-
term unemployed to work opportunities.
Tax Credits for Hiring the Long-Term Unemployed: The President is proposing a tax credit
of up to $4,000 for hiring workers who have been looking for a job for over six months.
Investing in Low-Income Youth and Adults: The President is proposing a new Pathways
Back to Work Fund to provide hundreds of thousands of low-income youth and adults with
opportunities to work and to achieve needed training in growth industries. The Initiative will
do three things: i) support summer and year-round jobs for youth, building off of successful
programs that supported over 370,000 such jobs in 2009 and 2010; ii) support subsidized
employment opportunities for low-income individuals who are unemployed, building off the
successful TANF Emergency Contingency Fund wage subsidy program that supported
260,000 jobs in 2009 and 2010; and iii) support promising and innovative local work-based
job and training initiatives to place low-income adults and youths in jobs quickly.
Prohibiting Employers from Discriminating Against Unemployed Workers: The President’s
plan calls for legislation that would make it unlawful to refuse to hire applicants solely
because they are unemployed or to include in a job posting a provision that unemployed
persons will not be considered.
4. More Money in the Pockets of Every American Worker and Family
Cutting Payroll Taxes in Half for 160 Million Workers Next Year. The President’s plan
will expand the payroll tax cut passed last December by cutting workers payroll taxes in
half next year. This provision will provide a tax cut of $1,500 to the typical family
earning $50,000 a year. As with the payroll tax cut passed in December 2010, the
American Jobs Act will specify that Social Security will still receive every dollar it would
have gotten otherwise, through a transfer from the General Fund into the Social Security
Trust Fund.
Helping More Americans Refinance Mortgages at Today’s Historically Low Interest
Rates:: The President has instructed his economic team to work with Fannie Mae and
Freddie Mac, their regulator the FHFA, major lenders and industry leaders to remove the
barriers that exist in the current refinancing program (HARP) to help more borrowers
benefit from today’s historically low interest rates. This has the potential to not only help
these borrowers, but their communities and the American taxpayer, by keeping borrowers
in their homes and reducing risk to Fannie Mae and Freddie Mac.
5
6. EMBARGOED UNTIL DELIVERY OF THE PRESIDENT’S SPEECH
5. Fully Paid for as Part of the President’s Long-Term Deficit Reduction Plan.
To ensure that the American Jobs Act is fully paid for, the President will call on the Joint
Committee to come up with additional deficit reduction necessary to pay for the Act and still
meet its deficit target. The President will, in the coming days, release a detailed plan that
will show how we can do that while achieving the additional deficit reduction necessary to
meet the President’s broader goal of stabilizing our debt as a share of the economy.
$, bn
Tax Cuts to Help America’s Small Businesses Hire and Grow 70
Cut employer payroll taxes in half & bonus payroll cut for new jobs/wages 65
Extend 100% expensing in 2012 5
Putting Workers Back on the Job While Rebuilding and Modernizing America 140
Teacher rehiring and first responders 35
Modernizing schools 30
Immediate surface transportation 50
Infrastructure bank 10
Rehabilitation/repurposing of vacant property (neighborhood stabilization) 15
National wireless initiative 0*
Veterans hiring initiative n.a.
Pathways Back to Work for Americans Looking for Jobs 62
UI Reform and Extension 49
Jobs tax credit for long term unemployed 8
Pathways back to work fund 5
More Money in the Pockets of Every American Worker and Family 175
Cutting employee payroll taxes in half in 2012 175
TOTAL 447
* Proposal has a gross cost of $10bn, but a net deficit reducing impact of $18bn because of spectrum auction
proceeds.
6