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. 

Payroll Tax

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. 

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.