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Compass Diversified Holdings Message Board

  • mthiker2004 mthiker2004 Feb 25, 2010 11:14 AM Flag

    Senata "job creation bill"

    Politics aside, and not having read the bill or knowing what, if anything, will pass both houses and/or be signed into law: It includes a tax credit for new hires and waiver of 6.25% employer share of federal payroll taxes for the rest of 2010. If the employee remains on the books for at least one year, the employer obtains an extra $1,000 tax credit.

    As a very large employer who I assume is increasing its new hires on an almost monthly basis, I can see Staffmark (1) having improving earnings due to payroll tax savings and (2) maybe generating a meaningful amount of tax credits for its shareholders ... which would be a nice little bonus.

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