« | »

Jobs Bill Waives SS Tax For Non-Profits

A press release from the National Council of La Raza:

U.S. President Barack Obama signs the HIRE Act, a job growth initiative, among members of Congress in the Rose Garden of the White House in Washington, March 18, 2010.


Mar 17, 2010

Washington, DC—Today the United States Senate passed legislation that could provide up to $1 billion in assistance to the nonprofit sector and create thousands of new nonprofit jobs. NCLR (National Council of La Raza), the largest national Latino civil rights and advocacy organization in the U.S., applauds the Senate for passing the “Hiring Incentives to Restore Employment (HIRE) Act.” When signed into law, the act will exempt employers from paying Social Security payroll taxes for unemployed workers they hire in 2010. Like private businesses, nonprofit organizations will also be eligible for this Social Security tax holiday.

How much do you want to bet that when these people reach retirement age they demand that they receive Social Security benefits for their years of employment, anyway.

But, aside from that, how much do non-profits grow the economy? From what we have seen, they tend to have the opposite affect. They tend to do all in their power to limit growth.

“NCLR’s network of nearly 300 affiliated nonprofit organizations that serve predominately Hispanic communities stand to benefit from this legislation when they hire more workers,” said Janet Murguía, NCLR President and CEO. “The passage of the ‘HIRE Act’ has the potential to launch a larger plan to create jobs at the local level that serve community needs. We are calling on Congress to see this through.”

NCLR will host a conference call with its Affiliates next week to discuss how community-based organizations can take advantage of this tax incentive when hiring new employees. Nonprofit organizations, such as those in the NCLR Affiliate Network, employ about 10% of the workforce, according to the Alliance for Children and Families. The Social Security tax holiday could create between 8,000 and 18,000 nonprofit jobs in 2010

To the best of our knowledge this is the first mention we have seen that the $18 billion dollar ‘jobs bill’ about to be signed by Mr. Obama give businesses a ‘holiday’ from Social Security taxes.

And how is it that Congress still refuses to learn the larger lesson here, that tax cuts of any kind always creates more employment.

This article was posted by Steve on Thursday, March 18th, 2010. Comments are currently closed.

3 Responses to “Jobs Bill Waives SS Tax For Non-Profits”

  1. canary says:

    Obama used a dozen silver ink pens to sign the bill. The pens will be given as souvenirs for the top supporters. OJ Simpson fans would appreciate their worth.

  2. MinnesotaRush says:

    Ahhhhhhhhh. A JOBS Bill .. now we’ll have plenty!

    And pigs will fly, too.

  3. MinnesotaRush says:

    “The Social Security tax holiday could create between 8,000 and 18,000 nonprofit jobs in 2010…”

    Aw hell .. let’s go with 50 jabillion jobs!

« Front Page | To Top
« | »