Reply #18: It would extend the employee side of the cut, and provide employers [View All]

the same benefit, something they hadn't had to date. Small businesses would be the most impacted by this payroll tax cut, and as a Small Business accountant, I can tell you that making payroll for these small companies does affect their hiring decisions (including the fact that they have to pay their payroll taxes to payroll companies 2 days ahead of the actual payroll date....and so the savings do add up, and it would indeed make a difference in hiring decisions....as payroll expense is looked (and whether to lay off or to hire) at very closely when sales are down. Certainly, big businesses would also benefit from such a cut, but I don't believe that Pres. Obama is making this offer simply for them.