It’s All About Return-on-Investment, Not Payroll Taxes
NPR had an excellent story this morning about the Payroll-Tax war taking place in Washington DC. It’s looking as if the Republicans who never saw a tax cut they didn’t like (whether or not it’s being “paid for”) are fighting tooth-and-nail against President Obama’s payroll-tax holiday extension. The piece begins with Eric Cantor and John Thune going on about how extending the holiday would hurt “the job creators.” As usual they use the tired-worn-out and FALSE canard that business owners obsess over taxes when hiring employees. Well, when NPR looked into this notion they came up with a totally different reality. When they went out to find business owners (job creators) who illustrate the Republican talking point here’s what happened:

Business Basics for Dummies
“We wanted to talk to business owners who would be affected. So, NPR requested help from numerous Republican congressional offices, including House and Senate leadership. They were unable to produce a single millionaire job creator for us to interview.So we went to the business groups that have been lobbying against the surtax. Again, three days after putting in a request, none of them was able to find someone for us to talk to. A group called the Tax Relief Coalition said the problem was finding someone willing to talk about their personal taxes on national radio.”
Click on the picture to read/listen to the article!
I highly recommend you listen to (or read the transcript of) this story. Then read down the comment thread. Lot’s of lively conversation there. My main problem with the way the Main Stream Media covers economic issues is that it often allows the “conservative” perspective to dominate the discussion. Even though NPR ended up interviewing presumably “liberal” business owners (because they vote Democrat), at least NPR gave a voice to “job creators” who basically call the Republicans out on their bullshit.
What do we ultimately learn from the article: The issue of taxes isn’t in the top list of an owner’s hiring decisions. It’s about contracts, attracting and keeping customers and the ROI (return-on-investment) an employee will bring to the equation. Perhaps Cantor, Boehner, Thune and all the rest of the Republicans need to go back to school and re-learn their basic business principles…..Better yet, perhaps they should go get a real job.