Ready For Another Payroll Tax Deduction?

2015-09-20T12:08:37-04:00

There are several business leaders and business schools in an open letter asking the US Congress for a law mandating a .2% payroll tax deduction to fund paid time off. Good idea or bad?

http://tinyurl.com/qxl9mle

Parents (and everyone) should get paid leave from work, say 200 business professors

The U.S. is so far behind the rest of the world.

Response by SFC Joe S. Davis Jr., MSM, DSL made Sep 20 at 2015 12:10 PM

2015-09-20T12:10:58-04:00

Cpl Private RallyPoint Member u say it's a good ideal, as a DOD contractor it would be good to get those benefits in my contract.

Response by 1SG Private RallyPoint Member made Sep 20 at 2015 1:11 PM

2015-09-20T13:11:29-04:00

I think the point that business leaders are making is that all of this good idea fairly stuff costs money.
Problem is that money would come from the Social Security Trust Fund.
I think there are other ways to encourage businesses to adopt this as a competitive policy rather than throwing money about.

Response by COL Jon Thompson made Sep 20 at 2015 2:38 PM

2015-09-20T14:38:58-04:00

I am always leery when the government gets involved because it will bring in inefficiency and corruption. I think that this says a couple of things. Nothing is free and all benefits require someone to pay. Second, I think this is where the free market comes into play. It costs companies a lot of money to hire and train someone. So they don't want to lose a good employee. So if giving paid leave is a benefit to retain people, it should be up to them to offer that. That is how competition should work.

Response by SFC Dr. Joseph Finck, BS, MA, DSS made Sep 20 at 2015 3:17 PM

2015-09-20T15:17:51-04:00

Each individual organization has different policies, procedures, and benefits. We are a capitalist country and these methods seem to be in line with capitalism. The idea of taxing everyone so others may gain benefits, punishes those who do have the benefit. I am not in favor of this.