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Unemployment Taxes Hindering Growth in US |
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Written by Top Ten List
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Wednesday, 25 November 2009 |
We all know that part of the taxes paid by American companies goes to helping the unemployed. Of course, according to a recent discovery, it seems that the unemployment taxes are already taking a toll on American companies. Due to the fact that the unemployment ratio has reached a historic high, it’s rather inevitable that fully functional American companies are taken to the task to pay for the unemployment insurance claims.
According some of the employers in the market, it seems that such unemployment taxes are hindering companies from further hiring, as clearly, part of their resources have gone to support the unemployed. And with rising healthcare cost, minimum wages requirements, as well as tight credit situations, these don’t pose as a good business environment for US companies.
Do you think that the government should lower their unemployment taxes in order to ensure better job hiring prospects?
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