Search SEARCH

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
 
Sponsored results
Over 483 Local Jobs Now Hiring In Your Area. $18-$87/Hr - Apply Today!
Jobs.Quick-com
Work At Home Jobs Make $87/HR, Jobs Seen On TV. Jobs Hiring Now
www.HomeJobs-Finder.info
Up to $47/hr Part-Time Job Openings. Free Schedule, No Scam. Start Now
wahm.com/jobs
Drive Your Car - Make up to $600 Per Weekend. Work When You Want.
uber.com/Sign-Up-Now

Other Career Questions

What is your current job? Why did you choose this job? What do you enjoy about your job? What do you dislike about your job? What would be your perfect job? Would you rather have this j...
3 answers - Asked By: drop pants not bombs!.♥ - 3/2/2010
Where are the jobs? Is productivity and globalization creating a permanent “recession” of jobs? My main issue is I am doing a paper for school and have no idea where to begin. I was hoping suggestions...
4 answers - Asked By: bayebd24【ツ】 - 11/21/2007
Hi ok im 19 and about to start college to do an acess course into a university. Ive been browsing through all the courses and im tottaly stuck! I thought politics but im scared ill end up with some r...
1 answers - Asked By: roseparkerly - 1/26/2009

Content is not owned or controlled by Monster. Any content concerns should be addressed with Yahoo!
Yahoo! Does not evaluate or guarantee the accuracy of any Yahoo! Answers content. Yahoo! Disclaimer.

Popular Articles

Best-Paying Work-from-Home Jobs Article Rating
It’s easier than ever to work from home. Of course, not every job is a mobile job, and some companies aren’t interested in having their employees work from home.
2013 Marketing Jobs Outlook Article Rating
The US may be facing another year of anemic hiring overall, but that won't be the case in the high-orbit world of multichannel, digital media marketing.
For Employers: Post Jobs | Search Resumes | Advertise
About Monster | Work for Monster | Advertise with Us | AdChoices | Partner with Us | Investor Relations | Social Media
Terms of Use | Privacy Center | Accessibility Center | Help | Security | Contact Us | Sitemap | Mobile
©2014 Monster - All Rights Reserved U.S. Patents No. 5,832,497; 7,599,930 B1; 7,827,125 and 7,836,060 MWW - Looking for Monster Cable? - V: 2014.1.40.24-308
eTrustLogo