On the recordFebruary 9, 2012
With less than 3 weeks to go before the payroll Social Security tax extension expires, it is time for the conference committee to make up their mind on the way forward and to bring their proposal to the full House and Senate. Long secret negotiations are unjustified. The House passed a full-year extension of the payroll tax deduction, major reforms to the unemployment insurance, and a 2-year extension to the Medicare doc fix 8 weeks ago. Since that time, nothing has been done in the daylight to resolve this issue. Our delay will cause companies all over the country to work overtime this month to revise their payroll formula. We should help the people who create the jobs around the country, not give them even more consternation. Chad Richison, the CEO of Paycom, wrote a terrific op-ed in The Hill this week. He doesn't care which tax rate we set, but he's truly frustrated when we delay our decisions and then dump all the last- minute work on them and thousands of other companies around the country. If we expect American companies to pay their taxes on time, we should get the tax rate done on time. ____________________
