Hmmmmmm….

Lee’s JOBS bill – DEAD.

The political posturing here is when politicians of either party run around claiming that they are ‘creating jobs right now’ when, in fact, their legislation puts off the tax credits for years.

And it’s Rino. At least get your name calling right if you can’t read the legislation. …It makes you appear like you might not know what you’re talking about…

That is only one component. The legislation also creates tax credits for employers, but doesn’t allow the employers to claim the credit for nearly THREE years.

You’ve admitted now that the capital gains tax cut couldn’t be actually implemented until there was a half billion dollar reserve fund. That’s one reason why this bill doesn’t go far enough.

Now please proceed to admit that the tax credits can’t be claimed by the employer until the employee has been in the job for 24 months — on tax returns filed in 2013, three years from now.

Hawkins says he wants tax cuts in 2010.

Why don’t you?

When do you project that the state will be rolling in dough again to have a giant reserve?

Steel, we’re cutting billions of dollars out of the budget this year and will have to do so again next year.

So when would the 500 million surplus occur?

Some are predicting 2015.

Nice.

First, it’s capital gains. With an a. But I digress.

The tax credits Graves proposed would be given to an employer only after an employee has worked there for 24 months — two years. And if an employee were hired this year, it couldn’t be listed as a tax credit by the employer until March 2013, when the tax return would be filed.

In other words…three years from now.

Some incentive.

Net gain: zero jobs. Hawkins contends that there’s not one employer in the state who will hire an employee based on a minor tax credit that they won’t get back for nearly three years. It’s irrelevant.

Don’t you think the legislation should be changed to create a tax credit in this calendar year? That’s what Hawkins supports. Real tax cuts, not Washington-style games.

“The state is saying we may be as much as $2,000,000,000.00 in the whole this year.”

“All of which cant be done while state is in financial whole.”

Trying to stay away from personal attacks… it is more so the flawed logic of the criticism is what needs to be addressed. It seems this issue could be resolved if Senator Hawkins would offer an amendment to this house bill that will then allow his ideas to be considered and maybe enhance the bill? That would make sense to me. Lets make this bill as good as it can possibly be!

People need to realize that tea party activists are conservatives first. They are not going to vote for someone just because he is running as a Republican…Those days are long gone..

Originally, Hawkins only took issue with the $500 million capital gains cut trigger in his release. After it was proved that Hawkins didn’t know what he was talking regarding the trigger mechanism, his campaign now offers more false information about tax credits.

Read the bill. There are 6 provisions to the JOBS Act of 2010.
• Creation of the “Year for Georgia Entrepreneurs”: Allowing Georgians the opportunity to start a new business with no state fees could remove the only hurdle many entrepreneurs need to begin.
• “Angel Investor” Tax Credit: An income tax credit of up to 50% of an investment made in small or start up Georgia businesses with 20 or fewer employees. The income tax credits would be available after 2 years of investment. The total “Angel Investor” tax credit pool would be limited to $10 Million per year (adjusted for inflation).
• Quarterly Credit Towards Unemployment Insurance Tax: For each eligible employee hired who is receiving State Unemployment benefits, a company will receive a quarterly credit towards their unemployment tax.
• $2,400 Tax Credit for the Hiring of the Most Difficult to Employ: Any Georgia company which hires a person who is difficult to employ and is currently receiving unemployment benefits and has been unemployed for at least four weeks, shall receive a tax credit of $2,400 after 24 months of consecutive employment.
• Elimination of the Net Worth Tax: The net worth or intangible tax is a hold over from a 1930’s law that taxes wealth accumulation. The Tax Foundation advocates the elimination of this tax as we are only 1 of a handful of states that still retain it.
• A Triggered 50 Percent Reduction of the Capital Gains Tax for all Georgia Taxpayers: Georgia currently has the 15th highest Capital Gains tax in the country and the 2nd highest in the Southeast, with two of our neighboring states at 0%.

All six provisions are implemented at different times to encourage business creation and job growth.

It is fiscally responsible to make sure the revenue shortfall reserve has money in the fund before the 50% Capital Gains tax cut takes effect.

The tax credit referred to in point #2 only applies GA companies that hire a person who is difficult to employ and currently receiving unemployment benefits and retains that worker for 2 years. Again, it is a conservative approach to make sure someone doesn’t go back on the unemployment rolls, costing the state more money. By the way, that provision was included in the 2009 JOBS Act and Sen. Hawkins didn’t have a problem with it then.

The only thing that has changed from 2009 to 2010 is that Lee is challenging Tom for Congress. Instead of working together again and advancing a conservative approach to job creation, Lee let politics get in the way for his own personal ambition, which will only hurt Georgians that are looking for work.

http://www.businesswire.com/portal/site/home/permalink/?ndmViewId=news_view&newsId=20100315006821&newsLang=en

With today’s launch, FreedomWorks PAC added three races to this growing list of “Top Targets” by endorsing Jonathan Paton (R) for Arizona’s 8th Congressional District, Tom Graves (R) for Georgia’s 9th Congressional District, and David Castillo (R) for Washington’s 3rd Congressional District, as Champions of Freedom. These three now join an impressive slate that includes: Marco Rubio (R) for Senate in Florida, Rand Paul (R) for Senate in Kentucky, Pat Toomey (R) for Senate in Pennsylvania, Mike Lee (R) for Senate in Utah, and Allen West (R) for Congress in Florida’s 22nd District.

Question 2, can you tell me how the Jobs Bill created Jobs NOW? So I can help you with your answer, it doesn’t. In the Bill nobody gets either tax reduction or relief or government out of their business or anything to make business better for at least a few years. I’m not going to give you details because you do not understand the bill. But try and read it and eventually you will figure it out.

Another way you know the bill is flawed is just on the volume of words in the bill. The thing is really long which is probably done so that people do not try and understand it fully. Just a suggestion from me.

Lee’s bill makes government smaller the day it is passed bottom line. The Jobs Bill does NOT, bottom line. If you can prove otherwise I’m all ears.

That was one of my only concerns about the JOBS Act. The corporate income tax cut and capital gains cuts were great, but they were gutted, which was disappointing.

#1. The capital gains tax cut would only be allowed IF the state has a half billion dollar surplus in the reserve. The state currently is cutting billions in spending and will likely do so for years to come.

#2. The legislation says that employers who hire new employees would get a tax credit for doing so AFTER the employee has worked there for *two years*.

In other words, if an employer hires someone in 2010, when will they see their refund?

In 2013. Yes, that’s right. 2013.

What employer in the state will hire anyone with a promised tax credit that they won’t see for more three years?

Lee Hawkins says that’s a sham, and that the American people are fed up with these sort of gimmicks.

Lee’s jobs proposal would allow for tax credits on your 2010 tax return for employees hired any time during 2010.

He believes we need tax credits to create jobs now. Not years from now. His proposal is a genuine tax cut, and genuine leadership is what people are demanding.

The something for nothing attitude by people like you on both sides is why we are in this mess. It is time to act like an adult!

No one would argue other than you how clear I have been very consistently against the latest local war on drugs legislation, which will do nothing more than help terrorist, drug dealers, gangs and private prisons at the expense of tax payers.

As far as seat belts we all pay for accidents with so many people without health insurance. A guy hit my car without insurance last year. This guy took away my rights. I was able to recover part of the money and not time I lost via the court system. Unless you can afford the consequences of your actions you are not taking personal responsibility. I do try to teach my kids that lesson.

your answer is to increase fees. to paraphrase you, ‘fee increases without proper spending cuts is not fiscally conservative’.

while rome is burning, our legislators are worried about pickup truck drivers wearing seat belts, laid off and other unemployed workers smoking pot, texting while driving and an assortment of other bs proposals…all of which increase the cost, size and scope of government. you fit right in konop, maybe you should run again.

Good point on restating the disclosure. Newer folks might not know that.

I’ve worked for Lee Hawkins for four years, starting with his Senate campaign in ’06. It’s pretty widely known, including the pundit-famous 100+ posting fights on the Hawkins v Musselwhite election that year.

It’s a simple question.

If it’s a jobs bill that cannot legally be implemented, how many jobs will be created?

And if jobs can’t be created, why would you be upset that Lee opposes it, and instead supports a jobs bill that cuts taxes and can be implemented in 2010?