By now you have heard all you have ever wanted to hear about the jobs bill but that doesn’t mean you mean or know a thing about it. What does it mean and what is it going to do for the regular folk who have been on hard times for as long as they, or anyone else, cares to remember? Let’s take a look into this bill and find out what it all really means.
This might be the biggest and most progressive movement in the presidents bill. As it currently stands there are a great number of businesses that half to pay payroll tax. What this means is that the more money they spend on payroll the more they have to pay in taxes. However the government is looking to cut that in half and that will be a welcome change. This means that companies may be willing to spend more on staffing with some of that savings.
Adding New Workers
New workers really are going to help out businesses. It might not seem that way but that with the new jobs bill there would be a payroll tax holiday for those who are added on to a payroll. This means that if you own a business and you want to bring on new employees you’ll be getting a tax break. This is also looked at as a way for some of the small businesses to grow.
These are just a couple of the proposed payroll changes to that would come about as a result of the jobs bill. It’s a progressive moment that is sure to raise debate over the next year as it works its way through congress.
The whole world is buzzing these days about the Presidents jobs bill that he plans to have passed. Now, on the surface there is nothing wrong about this bill. The idea that Americans should get more jobs is not a novel concept but a bill of this nature is a welcome and progressive movement. However, just because they are wanting this initiative doesn’t mean that it will get passed. There is going to need to be some serious changes before that happens.
The first step in the long process is figuring out where the money is coming from. Now, the President is firmly in the belief that the money can come in by cutting out taxes for the rich. Right now there are so many tax breaks for people in the larger income bracket that it seems unfair from a distance. Of course many of these people use their wealth to create more business opportunities and increase the amount of jobs that there are. So there should be some certain push back.
One area that is likely to get the most support will be in reference to not exempting tax breaks for company who outsource jobs. This has been a sore spot for the american people for a few years now. These company who are going out of country to put jobs in place are still allowed to get the same tax benefits and write offs that they do. The jobs bill would hope to hammer them for that. This could cause an influx of money that could really help the country to get back on its feet and to get people back to work.
The United States has found themselves in a very serious situation and it’s something that has been impacting the rest of the country. The terms of paying bills and debt ceiling have been permeating the landscape the last few months and if you are someone who hasn’t been paying attention the whole situation can be very confusing so here is a look at what has been going on and how it can be related to your own home finance. Here’s the situation.
So the government has to pay bills just like anyone else. There is money to be given to states, to pay for government payroll, to pay for defense and everything else. Those bills add up and the issue, with the economy being what it is is that they don’t have the money to pay for what they need. So they have come to a serious situation.
One way to fix the debt is to raise the amount that we are allowed to go into debt. Just like in your own home when you decide to borrow from a credit card to pay your rent and therefore allowing your debt limit to get bigger. Well the government made the decision to just raise the debt total. So they are going to give the people who need money, there money, but they will do so at the cost of having to raise the national debt in the short term. There are provisions for the future to cut spending but that isn’t a guarantee that that will be the case. The reality of this situation is that this is a very tumultuous time for the United States government and one that we will all be watching closely.
Many people are watching the debt situation for the government pretty closely, and with the recent news that the government will be paying their bills next month there are certainly a lot of people out there with a lot of questions. So here are some things to think about it.
First the government had to make a decision about whether or not they would raise the debt ceiling in the short term in order to make sure that the rest of the country got the money they need for things like education and defense spending. Clearly the government wasn’t looking to make enemies so they just made the decision to put the debt ceiling higher and they are going to go ahead and raise that over the next year.
However, if you are looking for the bright side of a situation then the good news is that there are provisions in place to reduce the debt by 1.25 trillion over the next decade. This will come with caps on the amount of money that the government can spend on defense as a primary money saver. This isn’t shocking for a move considering that democrats are usually more in favor of defense cuts than republicans.
Of course this budget means that just like every other budget in the world it is only as good as the paper that it is printed on. If the government is serious about getting their money than they will do so but that isn’t likely to be the case. There have been steps to cut the spending in years past and yet the country continues to sink deeper and deeper. This is a very interesting development.
Well, if the stock market collapse over the last few years has done anything, it’s made the people more willing to seek investment advice. There was a shorter period of time where those who were burned by the market were staving off investing completely. The reason for it was understandable: why invest in a market that just burned you? But, collapse or no collapse, you cannot build wealth without making a plan for your money.
There, in effect, was the solution going forward: having a plan. This time around the amount of people who are seeking investment advice is growing as people are trying to figure out a safe and effective way of handling their future. Many people were treating the stock market like the Wild West. They lived in a world where day trading was ok without a plan. The result was the big burn.
These days people are meeting with a financial advisor to find safe routes to storing their money. These range from money market accounts, Roth IRA’s, and stable stock investment(it sounds like a contradiction of terms, but it’s not). This has led people into investing more money as a result. There is less hesitation on the part of men and women to get invested now that they have the advice, and guidance, of a trained professional.
Of course, with all investing there is the risk of loss. That loss, however, is minimal to the risk involved when looking to invest by oneself. The best thing you can do is weigh the risk versus the reward. In any case, there must be some money invested for the best results possible. Next time you jump into the deep end of the investment pool, get a life preserver: they are at your local bank.