A Progressive Idea for Spurring Job Creation in America.

Small businesses create over 60% of America's new jobs.

We can't stimulate the economy and create jobs without including our nation's small manufacturers, lumber yards and mum and pop stores.

We can't grow the economy without small business.

With that said, we wouldn't have to grow our fiscal imbalance to provide savings to our small businesses and to make hiring more affordable for them.

The Payroll (I.e. Social Security and Medicare) Tax is collected from both the employer and the associate.

For some odd reason, American businesses and individuals are exempted from Payroll Taxation on earnings above the $106,800 ceiling.

In other words, Manhattan's finance-based millionaires and billionaires and our nation's super-rich corporate executives aren't made to make the same contribution that is expected from teachers and registered nurses. 

According to economists and statisticians, lifting the payroll tax ceiling would generate billions and billions of dollars in additional revenue which could then be used to provide an exemption for our job-creating small businesses.

In the process, a small business payroll exemption would make labour more affordable and would induce our small businesses to hire more workers.

Furthermore, since the payroll tax is collected on payroll instead of earnings, lifting the tax on new and small businesses would increase the small business success rate and would lead to fewer failed businesses.

It'd be a Win-Win for both the American Economy and the American Worker.