Categorized | News, Opinion

Senate Jobs Bill Raids Social Security Fund

In a bill that is being called a “Jobs Bill”, the Senate introduced a plot to raid Social Security to bribe small businesses into hiring unemployed people who have been out of work at least 60 days.

From Yahoo News:

The bipartisan Senate plan would exempt businesses from paying a 6.2 percent Social Security tax on the wages of new employees, as long as the workers have been unemployed at least 60 days. The tax break would run through the end of the year.

So, in return for hiring a new worker, the already bankrupt Social Security “trust” fund will suffer a loss for each job created. The more successful this idiotic idea is, the faster Social Security reaches insolvency.

Is this a creative way to raise taxes on the middle class in the form of Social Security tax increases? Just transfer all the wasteful spending to Social Security and tax the middle class through the back door.

Here’s a better idea. Pass a permanent business tax rate cut and let businesses decide when they can hire more workers.

About Tom White

Tom is a US Navy Veteran, owns an Insurance Agency and is currently an IT Manager for a Virginia Distributor. He has been published in American Thinker, currently writes for the Richmond Examiner as well as Virginia Right! Blog. Tom lives in Hanover County, Va and is involved in politics at every level and is a Recovering Republican who has finally had enough of the War on Conservatives in progress with the Leadership of the GOP on a National Level.

7 Responses to “Senate Jobs Bill Raids Social Security Fund”

  1. Don Burton says:

    It is truly unbelievable that these people would do something like this. These so called public servants are only self serving and as far as I am concerned traitors to the American people. They steal from the poor and take away the benefits that Hard working Americans have built up throught the years.


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Tom White Says:

Nothing is more conservative than a republican wanting to get their majority back. And nothing is more liberal than a republican WITH a majority.

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