- Sep 12, 2008
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I am out there looking for a job myself right now. So i want there to be lots of them out there. It does not look good, especially here in Oregon.
But I am looking at what is coming down the pike for job producing businesses, and I think we are in for a tsunami of pain in the first months of the new year. The Bush tax cuts expire Jan 1 for starters, in addition most states (including Oregon) will be raising employment taxes in order to pay for unemployment insurance. Some states, like Florida, will be raising these taxes to 10 times their current levels.
So what do you think will happen to the economy next month, quarter? I think we will see a jump in unemployment to 14% because of the taxes and the fact that most business are still holding on to extra staff. All these guys will get dumped.
If 0bamacare passes, you can count on even more job losses.
But I am looking at what is coming down the pike for job producing businesses, and I think we are in for a tsunami of pain in the first months of the new year. The Bush tax cuts expire Jan 1 for starters, in addition most states (including Oregon) will be raising employment taxes in order to pay for unemployment insurance. Some states, like Florida, will be raising these taxes to 10 times their current levels.
So what do you think will happen to the economy next month, quarter? I think we will see a jump in unemployment to 14% because of the taxes and the fact that most business are still holding on to extra staff. All these guys will get dumped.
If 0bamacare passes, you can count on even more job losses.