Posted on 12/19/2011 12:30:21 PM PST by freespirited
Officials from the policy-neutral National Payroll Reporting Consortium, Inc. have expressed concern to members of Congress that the two-month payroll tax holiday passed by the Senate and supported by President Obama cannot be implemented properly.
Pete Isberg, president of the NPRC today wrote to the key leaders of the relevant committees of the House and Senate, telling them that “insufficient lead time” to implement the complicated change mandated by the legislation means the two-month payroll tax holiday “could create substantial problems, confusion and costs affecting a significant percentage of U.S. employers and employees...”
The NPRC ... represents organizations that provide payroll processing and services to more than 1.5 million employers, impacting one third of the private sector....
Isberg wrote that “many payroll systems are not likely to be able to make such a substantial programming change before January or even February. The systems affected tend to be highly complex, normally requiring at least ninety days for a change of this magnitude for software testing alone; not to mention analysis, design, coding and implementation.”
Part of the issue has to deal with Congress’ desire to make sure “that highly compensated employees not enjoy the full benefit of the 2% tax break because of bonuses or other high compensation falling into the first two months of the year,” Isberg wrote, saying “there simply is insufficient time to implement this major change in withholding requirements.”
(Excerpt) Read more at abcnews.go.com ...
How is it not being entirely genuine in their objections to basically point out that this ridiculous proposed two-month extension is, as you put it a Pain in the a**? and a payroll and accounting nightmare?
What the terms “Pain in the a**?” and “payroll and accounting nightmare” mean is that the private sector businesses will have to absorb or pass on the costs associated with a payroll and accounting nightmare, so that the democrats can play their stupid political games that we all see through.
Thanks freespirited.
Not voting in favor of the extension is the same thing as voting for a tax increase.
Boehner’s screwing the pooch on this one.
Let’s look at this for a minute:
If the extension hadn’t been passed, they’d have had to change the rates January 1. If the full year extension had been passed, they’d have had to drop their plans to revert back on Jan 1, and continue the current rate. With the partial term, the rate change comes in March. So, why is it possible for them to change rates in January, but impossible to do it in March? This just sounds like a manufactured excuse to get the full year extension.
You really don't know?
I really don’t know. How does a 2 month extension kill the pipeline? Oboma can kill it any time he wants. He has the option to do so.
It doesn’t force him to make a decision, yea or neigh, so it effectively lets him kill the project through endless delays, as is the current policy. If during all the delays, Canada decides to sell to China then we lose the oil and the jobs.
Maybe so but that's not obviously true. Doesn't either of the current bills give him 60 days to make a decision up or down? When the 60 days is up we want a decision. If he signs the bill he commits to that schedule.
What am I missing?
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