Congress enacted an interesting piece of legislation I didn’t even know about. Granted I don’t peruse political news too often. Apparently last March (2010) a bill was put into law that allowed any company to receive compensation in the form of a social security tax credit whenever they hire someone who has been out of work for at least 60 days.
On the surface this sounds like a decent incentive package. Companies who think they can’t afford to hire someone new might re-consider. Then I thought to myself…
Well that’s a load of crap!
Real companies don’t get persuaded to hire an extra person simply because they won’t have to pay Social Security tax. If the company needs someone and can afford it, they hire someone. Giving them a tax break for doing so only makes the government look good for offering such an incentive. It did not reduce unemployment it was too little of a drop in a very large bucket.
Let’s face it, hiring people can be costly.
Today I was asked to come in for an interview and in the paperwork they sent me was a 7 page document that I had to fill out so the company could get this tax credit for hiring me. Never mind the fact that I haven’t been hired yet. Never mind the fact that I had to be hired before January 1st this year in order for them to get the credit (obviously waaaay too late on that one). But what about me?
Am I suddenly only a means for a tax break? Is that all I’m worth to this company? I am a valuable addition to any company. I’d rather it be my skill that makes me valuable if you don’t mind.
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