Welcome to TaxBlawg, a resource for news and analysis of current legal issues facing tax practitioners. Although blawg.com identifies nearly 1,400 active “blawgs,” including 20+ blawgs related to taxation and estate planning, the needs of tax professionals have received surprisingly little attention. The Wall Street Journal's Tax Blog gives “tips and advice for filers,” and Paul Caron’s legendary TaxProf Blog is an excellent clearinghouse for academic and policy-oriented news. Yet, tax practitioners still lack a dedicated resource to call their own. For those intrepid souls, we offer TaxBlawg, a forum of tax talk for tax pros.
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Will Employers Get a Payroll Holiday?
Senator Rob Portman, a Republican from Ohio, introduced Senate Bill 12 which would offer a temporary employer payroll tax cut. The Portman bill proposes a one-year, 2 percentage-point reduction in the payroll taxes paid by employers. Portman contends that such a payroll holiday would be a job-creation device.
Businesses should closely monitor this legislation because of the potential cost savings associated with it and compliance issues.