To: Businesses/Concerned Citizens From: Jeanne VinalRe:
Tax Plan to Boost U.S. Employment – For Your Immediate Approvalto Submit to Congress
Date: November 2012
Request the following Amendment to Tax Code to Boost US EmploymentDouble Deduction allowed to employers for Employees in US ANDLimit 179 Deduction to American Made Goods ANDDouble Deduction for Employee EducationDouble Deduction allowed to employers for Employees in US
This means that business can take a double deduction on whatever it spends onemployment in the US.Example, if the business spends 500,000 on employment in the US, the businesscan deduct 1,000,000 on its tax form. If a business spends 100,000 on wages, itcan deduct 200,000.
Decrease lay offsIncrease number employedIncrease salaries of existing employeesDecrease off shoring employmentReward and encourage “job creators” Reward and encourage successful US companiesKeep money circulating in private sectorDecrease social programs for the unemployed and underemployed.Increase of W-2s versus 1099Fair use of economic stimulus- EVERY employer gets to use it.Targeted use of economic stimulus – Targeting on job retention, increased familyincome and increased US employmentSimple to implement: Only one line addition on annual income tax. Nocomplicated applications for the stimulus with review and management
I AGREE; Congress please enact immediately.
_________________________ ____________________________NameCompanyDate: ___________________