Tuesday, July 13, 2010

Another burden on businesses

I have a client in the construction business. This company has about 20 employees. One of their employees has children in three different states. As a result, they are required to withhold and submit child support to three different agencies.

In addition they withhold child support for three other workers, IRS tax levies for another worker, and a garnishment for a third.

The owner of this company once told me "I'd give these guys a 25% raise if I didn't have to deal with all their crap".

Well, here's one more burden a small business owner will have to endure by hiring an American worker............

The White House and congressional Democrats, with the backing of the AARP, will soon put forth a plan to automatically enroll new private-sector employees in investment retirement accounts (IRAs).

The measure will apply to new workers at firms that don’t currently offer 401(k) retirement plans, according to AARP, the lobby group for seniors. Workers would have the choice of opting out of the accounts.




snip
The auto-enrollment provision will get pushback from small-business groups.



"It’s another burden placed on business that’s coming from Washington, keeping business owners from hiring and investing,” said Bill Rys, the tax counsel for the National Federation of Independent Business. “They’re being told, ‘Here’s how you run your business.’ ”


Another reason to believe that democrats think business exist solely to serve their employees. Another reason to move a job overseas. Another reason to believe AARP is a communist front.


And you wonder why unemployment remains high.

More......

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