To: President Donald Trump, The United States House of Representatives, and The United States Senate
Payroll Holiday Tax Extension
Greetings. I am J. Michael Carr, president of the Fathers for the Future Foundation. I urge you to sign our online petition to tell the United States Congress to vote for extending the payroll holiday tax through 2013. This extension will help several working United States families.
Why is this important?
Lowering the payroll taxes boost the economy in several ways:
1). The holiday payroll tax puts more money into the pockets of virtually all Americans. For lower and middle class families that means paying for slightly higher produced goods and services while they still have money to save.
2).For the households constrained by excessive borrowing in the turbulent years, it means quicker repayment of debts and a faster return to normalcy for their families.
3).Finally, for employers considering extension, it also means slightly higher real wages for workers at no higher cost to the employer. That means at the gross margin it makes more sense to hire and boost productivity through staffing.
And extending the payroll holiday tax is a very important issue for lower and middle income families. Over the course of one year, the average American family will keep approximately $1,200.00 rather paying the sum out in taxes. Businesses will receive tax credits for creating and hiring new positions. Extending the payroll holiday tax is a win-win situation for lower and middle class families along with small businesses.
1). The holiday payroll tax puts more money into the pockets of virtually all Americans. For lower and middle class families that means paying for slightly higher produced goods and services while they still have money to save.
2).For the households constrained by excessive borrowing in the turbulent years, it means quicker repayment of debts and a faster return to normalcy for their families.
3).Finally, for employers considering extension, it also means slightly higher real wages for workers at no higher cost to the employer. That means at the gross margin it makes more sense to hire and boost productivity through staffing.
And extending the payroll holiday tax is a very important issue for lower and middle income families. Over the course of one year, the average American family will keep approximately $1,200.00 rather paying the sum out in taxes. Businesses will receive tax credits for creating and hiring new positions. Extending the payroll holiday tax is a win-win situation for lower and middle class families along with small businesses.