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Monday, February 6, 2012

postheadericon Payroll tax cut decision needed now; waiting is bad for business.

As founder and CEO of Paycom, one of the largest payroll companies in the United States, I bring a unique and credible voice to the recent and ongoing payroll tax extension debate in Congress. My company provides payroll services for over 11,000 businesses across the nation and processes several million payroll checks every month. This gives me a unique perspective on the challenges facing American businesses.
 
Most importantly, I have no opinion about whether or not the payroll tax cuts should be extended. Those decisions are for our elected representatives to make, if they can be convinced to make them. However, I do have two important questions. Do the members of the House and Senate know enough about how payroll works to understand the way in which their stifling indecision and last-minute changes are unnecessarily adding costs to American businesses, creating anxiety for American workers and adding complexity to our tax system? If they do, shame on them.! If they do not, why not ask payroll experts before arbitrarily choosing two months as a timeframe for a decision that impacts Americans’ paychecks?

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