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To: SeekAndFind

The best bet for fast employment once a new president and hopefully Republican congress are in place would be a Small Business Entrepreneurial Act, which would give start ups with under 10 employees a huge boost.

1) Regulation cessation. That is, find out exactly how many regulations are imposed on each different type of small business, and seriously try to abate all but the critical ones.

2) Create tax simplification for small business. Think of it as flat rate for small business. If they make enough profit they pay the rate, if they don’t, they don’t pay federal tax. Somewhat like today, they should have three years of not enough profit before they *have* to earn enough to pay the tax, or move to ordinary type taxes.

3) Provide to small businesses hundreds of potential formerly successful business models to base their new business on. Basically recipes for what to do, and what not to do. Likewise provide competition research, so for example, they don’t open their restaurant where there are already 10 restaurants on that block. That is, location, location, location research.

4) Provide hiring preferences for older employees, such as reduced FICA for both business and employee, and other exemptions.

Since small businesses provide far more jobs in a nation than big businesses, this should hopefully slash unemployment.


46 posted on 04/24/2013 5:40:29 PM PDT by yefragetuwrabrumuy (Best WoT news at rantburg.com)
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To: yefragetuwrabrumuy
The big problem is the hit to the group medical insurance plan. Older workers are much more expensive to insure. Mitigate that somehow and a lot of the bias will fade, imho. The remainder is split between out and out age discrimination because it doesn't fit the company “image,” and out of date skills among older applicants.

Patronizing companies known to be senior-friendly will help. We'll all be there someday. Better work to change it or be out of work yourselves when you need it most.

48 posted on 04/24/2013 5:54:35 PM PDT by RegulatorCountry
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