Is there truth to the rumor that US employers have reduced hiring for fear of higher taxes?

Is there truth to the rumor that US employers have already started to reduce hiring for fear of the Bush-era tax cuts expiring? Or is that a product of the GOP rumor mill? Please elaborate, and cite your source if possible.

Asked By: Vindaloo99 - 7/17/2012
Best Answer - Chosen by Asker
There is no doubt hiring has slowed because employers are uncertain of the future... More
Answered By: Curtis 1911 - 7/17/2012
Additional Answers (9)
There is SOME truth to that, but that isn't the entire story. There must also be a DEMAND that justifies creating new jobs. There is no sense in creating new jobs when there is no demand for increased services.
Answered By: Goku kicks A55 - 7/17/2012
There are better places to do business than in obongo's America. Employing an American at this point makes no business sense.
Answered By: Shovel Ready - 7/17/2012
Doing so would make no sense. Businesses want to be successful and to grow. You don't do that by not hiring. That said, companies could certainly shift their hiring to foreign countries, where payroll taxes (but not corporate taxes) are lower.
Answered By: Jay - 7/17/2012
Employers haven't been hiring even with the Bush tax cuts , Is that just too complex an issue for republicans to figure out ?
Answered By: bluechristy - 7/17/2012
payroll represents one of the higest expenses for most companies... More
Answered By: u_bin_called - 7/17/2012
All complete BS. Any competent business hires when demand requires them to. If they try to hire/fire based on political motivations when demand does not dictate the need for it, then they wouldn't be in business for very long.
Answered By: T C - 7/17/2012
What Conservatives fail to think about (maybe "think" is a bad choice) is that employers hire employees because they need them. No employer ever hesitates to add personal because of the tax implications. That wouldn't make sense to anyone but a Republican.
Answered By: Bob - 7/17/2012
Yes! That's why in Eisenhower's time, the 91% top tax bracket created a terrible depression (NOT!) No one is going to hire if they have a warehouse full of stuff no one can afford to buy, no matter what their tax rate is. Why would they increase production just to stuff that, too, into the warehouse?
Answered By: mommanuke - 7/17/2012
That's nonsense. Companies are sitting on huge amounts of wealth, because they are not convinced that the Bush/Cheney Great Recession is going to end any time soon... More
Answered By: jotacar - 7/17/2012
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