Archive for March, 2013

2.1 Million Americans to Lose Unemployment Benefits

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One of the biggest “fiscal cliff” tragedies is not extending unemployment benefits to American families. This will have catastrophic consequences to our econ…

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2.1 Million Americans to Lose Unemployment Benefits

2.1 Million Americans to Lose Unemployment Benefits

One of the biggest “fiscal cliff” tragedies is not extending unemployment benefits to American families. This will have catastrophic consequences to our econ…

Related Posts:

New Research on Unemployment Benefit Recipients

Unemployment Benefits

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NEW Unemployment insurance: millions in benefits overpaid to military reservists
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Time Magazine 1962 July 6 Korvette’s Eugene Ferkauf “Consumer Spending”

Getting and Spending: European and American Consumer Societies in the Twentieth
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Sequester means cut in extended jobless benefits for Idahoans

Sequester means cut in extended jobless benefits for Idahoans
The automatic budget cuts that took effect March 1 are forcing a 10.7 percent reduction in extended unemployment benefits for thousands of idled Idaho workers — at least through September, the Idaho Department of Labor reported Thursday. Earlier this …
Read more on The Idaho Statesman

Even less for jobless
The Rathdrum mother of two, unemployed for a year, is one of 6,000 Idaho claimants who will see their extended unemployment benefits, and extension balance, cut by 10.7 percent. The reduction starts with recipients' March 31 weekly payment, and will …
Read more on Coeur d’Alene Press

VI unemployment checks hit by sequestration
THOMAS – At the same time that weekly unemployment checks will be cut by 10.7 percent because of sequestration, Virgin Islanders on extended unemployment benefits will lose the opportunity to apply for continued assistance past 46 weeks of benefits.
Read more on Virgin Islands Daily News

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Finland’s Revolutionary Education System

“Finland’s educational system. Fascinating thing about three decades ago Finland has an educational system that is doing terribly and they look around and th…
Video Rating: 4 / 5

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Unemployment Compensation and the Family NEW

NEW Unemployment Compensation. Hearings Before the Committee on by United States

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Not-So-Great News for Jobless Claims and GDP – CNBC.com


CNBC.com
Not-So-Great News for Jobless Claims and GDP
CNBC.com
The number of Americans filing new claims for unemployment benefits rose more than expected last week, but probably not enough to suggest the labor market recovery was taking a step back. Also, the U.S. economy expanded at a sluggish pace in the fourth
Jobless claims rise, but GDP data shows more growthReuters
Layoffs push jobless claims higherMSNBC (blog)
Jobless claims tick up for second straight weekLos Angeles Times
TIME
all 43 news articles »


Bloomberg
Consumer Confidence Cools as US Jobless Claims Rise
Bloomberg
Confidence among U.S. consumers fell to a six-week low and claims for jobless benefits rose more than forecast, highlighting the risks to the economy posed by federal government budget cuts. The Bloomberg Consumer Comfort Index dropped to minus 34.4

and more »

California's jobless claims rise by 3000
Sacramento Business Journal
The number of people filing new jobless claims across the country rose by 16,000 to 357,000, according to the U.S. Department of Labor. California saw the largest increase in new claims. The four-week moving average was 343,000, or an increase of 2,250

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Efficient Forms, LLC announces the immediate release of its EHX WOTC Screening tools to assist all companies wanting to claim 2012 WOTC ahead of the April 29th deadline.

Littleton, CO (PRWEB) March 31, 2013

In an effort to assist companies and Human Resource Service Providers with meeting the IRS deadline of April 29, 2013 for submitting 2012 WOTC paperwork to appropriate state agencies, Efficient Forms is making its automated WOTC Screening and WOTC forms automation service available to all companies and waiving the screening fee when they process their credits through Efficient Forms.

Earlier in March, IRS Notice 2013-14 gave guidance regarding transition relief for employers claiming the Work Opportunity Tax Credit (WOTC) that was retroactively extended from January 1, 2012 through December 31, 2013. Specifically, this notice provided employers that hire(d) members of targeted groups additional time beyond the 28-day deadline for submitting Form 8850, the Pre-screening Notice and Certification, to the appropriate state DLA.

The IRS notice includes the following: a taxable employer that hires a member of a WOTC targeted group on or after January 1, 2012, and on or before March 31, 2013, will be considered to have satisfied the requirements if it submits the completed Form 8850 to the DLA to request certification not later than April 29, 2013.

The release of EHX WOTC Screening allows companies to quickly determine if the employees they hired in 2012 are WOTC eligible, completes all the required WOTC paperwork (8850 and 9061), and captures electronic signatures from the employee and company HR administrators. Efficient Forms will also assist companies with processing the credits utilizing EHX WOTC Processing services. Efficient Forms is also releasing the WOTC Screening tools to Payroll Providers and PEO groups to assist them with identifying 2012 WOTC credits for their customers’ companies.

Many companies have not taken advantage of the Work Opportunity Tax Credit due to the complexity of the forms and certification process. Our EHX WOTC Screening service removes those barriers. Our easy to follow, plain English, interactive Question and Answer process makes it easy to complete the required WOTC forms (8850 and 9061). With the April 29th deadline to submit WOTC forms looming, we felt it was necessary and important to offer our tools to assist companies with this daunting task. David Kenney, CEO, Efficient Forms, LLC

EHX WOTC Screening can be setup in a matter of minutes for a company, payroll provider or PEO. Efficient WOTC Screening is simplifying a complex process in time for companies to meet the April 29th submission deadline.

About Efficient Forms, LLC and Efficient Hire EHX/WOTC

Founded in 2004, Efficient Forms, LLC is a privately-held Colorado company that specializes in automated electronic solutions for dynamic and cost-effective forms completion, data collection, and process workflow. Its Transaction Origination Platform powers the company’s various industry leading SaaS services by allowing its customers to capture data for multiple forms by using an online one-time-entry “interview.” Its market leading solutions, Efficient Hire and Efficient WOTC, automate the new hire onboarding process for all types of employers.







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Do rank ‘n’ file Democrats understand the difference between consumer spending and government spending?

Question by El Tecolote: Do rank ‘n’ file Democrats understand the difference between consumer spending and government spending?
Consumer spending stimulates the economy. Government spending requires more and more tax money from the consumer, which leads to less consumer spending. While Democrats are telling us that leading economists say spending stimulates the economy, I have to wonder if they honestly believe they read the reports correctly.

Best answer:

Answer by Reality has a Liberal bias
Why do conservatives keep pushing for tax cuts when they’re less effective than government spending?

“The multipliers showed that increased government spending would have more of a multiplier effect than tax cuts. ”

“In congressional testimony given in July 2008, Mark Zandi, chief economist for Moody’s Economy.com, provided estimates of the one year multiplier effect for several fiscal policy options. The multipliers showed that increased government spending would have more of a multiplier effect than tax cuts. The most effective policy, a temporary increase in food stamps, had an estimated multiplier of 1.73. Making the Bush tax cuts permanent, had the second lowest multiplier, 0.23. A payroll tax holiday had the largest multiplier for tax cuts, 1.29. Refundable lump-sum tax rebates, the policy used in the Economic Stimulus Act of 2008, had the second largest multiplier for a tax cut, 1.26.[2]”

http://en.wikipedia.org/wiki/Multiplier_effect#cite_note-1

Know better? Leave your own answer in the comments!

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