How the Payroll Tax is hurting small business

Last week most Americans were surprised to learn that their paychecks were a little lighter than usual. That’s because this administration has allowed the payroll tax to go up 2% for the new year. As the owner of a small company, Glenn explains exactly how impactful this and other measures this administration has enacted have been on the engine that drives jobs in America: small business.

In an e-mail to Mercury and TheBlaze staffers, Agnes, Glenn's head of Human Resources, wrote:

The not so great news is that the payroll tax that was rolled back in 2011 from 6.2% to 4.2% has been restored to 6.2% effective January 1, 2013. Thus you may notice a dip in your take home pay.

Finally, fulltime, benefit eligible employees will note a Group Term Life deduction. While the company pays 100% of your Life Insurance Benefit premiums, the government requires that you, the employee, pay an imputed tax for life insurance coverage in excess of $50,000.00 per year. The amount of the tax is governed by the amount of the coverage & the employee’s age. The older a person is, the higher the tax is. What can I say? That’s Life!

Best,

Agnes

"So you're taxed on buying a life insurance policy for yourself? That the company is actually paying for. And then we have to be taxed on that. That's just astounding," Pat said after Glenn read the e-mail.

"I'm buying your life insurance. So your family, in case something happens to you, your family is covered. That should be something the federal government says "Thank you. Thank you, Mercury." Because if you die, now your kids are not going to be living off of welfare," Glenn said.

"Because I took care of the insurance for you, but I can guarantee that I'm being penalized for it and you're being penalized for it. And so now what's going to happen? Most companies are going to say, 'No life insurance. No, I can't afford the life insurance. Something's got to give. We're going to give the life insurance. So if you guys want life insurance, you're going to have to pay for it.' Is that incredible?"

"Thank you, universal healthcare. So now these people who all supported that guy for president are now being they're losing pay because they're getting cut hours and they're losing their healthcare," Stu added.

CNBC had more on the increase in the payroll tax:

As of Jan. 1, the payroll tax that funds Social Security was raised two percentage points to its 2010 level of 6.2 percent. It is also by far the biggest component—$125 billion of the $190 billion—in tax increases approved by Congress to fend off a bigger wave of tax hikes from the "fiscal cliff."

Economists expect it to pare as much as 1 percent or even more from first quarter growth on an annualized basis.

"In Q1, annualized it will shave about 1.4 percent off GDP," estimated Mark Zandi, chief economist at Moody's Economy.com. He said the payroll tax increase is by far the biggest hit, and he expects that the other new taxes amount to a dent to growth in the first quarter of about 0.3 percent.

The payroll tax increase is widely expected to shave about 0.6 percentage point off of GDP this year, but the hit will be hardest in the first quarter as consumers initially feel the pinch.

 

Hunter's Biden's latest BIZARRE scandal reveals how red-flag laws REALLY work

Photo by Demetrius Freeman/The Washington Post via Getty Images

Even if red-flag laws weren't unconstitutional (which they are), they've never been about your safety. They're about your submission, argued Glenn Beck on the radio program. Think of it this way: If red flag laws became the law of the land, do you think President Joe Biden’s son Hunter would lose his guns or face charges for violating the gun laws we already have?

You may have heard that he once "lost" a gun in a dumpster by a school. But there's a whole lot more to the bizarre tale. Newly revealed texts from Hunter's abandoned laptop detail the strange drama that unfolded when Hallie Biden, Hunter's sister-in-law-turned-lover, threw his handgun into a dumpster near a Delaware school in October 2018. The gun was found and turned in to police, but like so many of the Biden family scandals, the chaos created a sandstorm that conveniently helped cover Hunter's tracks. Only tidbits of information have emerged, the most significant of which is that the gun in question was purchased by Hunter illegally and, of course, no charges were filed as a result.

Glenn broke down the details of the most recently revealed Hunter Biden scandal, noting in particular that no charges or arrests were ever made as a result.

"If you voted for Joe Biden and you believe in all of these red-flag laws, then why isn't Hunter Biden in jail today?" Glenn asked.

"You and I both know that the ramifications of Hunter Biden's activities and his tragic saga go well beyond Hunter Biden, because they are teaching people a lesson. We are moving towards a society that has a ruling class that lives above their own edicts. They tell us they know better. They tell us that our neighbors and even some of us are dangerous, while ignoring the dangers in their own lives or in their own families ... We saw it during COVID-19 and we will see it again with gun regulations, 'The rules are for thee and not for me.' This is why Americans cannot give an inch, not one inch of our liberty away on the grounds of the government's good faith. They have no good faith left. They have violated every single principle of liberty and they've done it in a name of they know better," he said.

"Don't be fooled," Glenn added. "Just as we saw during COVID-19, just as we saw with the Patriot Act that is now being horribly abused by the people in power that swore they'd never abuse it, red-flags are not about your safety. Period. They are about your submission."

Watch the video clip below to catch the conversation. Can't watch? Download the podcast here.

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Thanks to a recent report from the Federalist, we now know of an ‘insidious’ White House plan to significantly alter commercial sales of ammunition. Not only would this plot skyrocket the price of ammunition for everyday consumers, but it could create a national security risk by limiting one factory’s ability to produce for the military under war-time demand as well.

Larry Keane, from the National Shooting Sports Foundation, joined "The Glenn Beck Program" to detail this White House move, and he explained how he knows the government is lying about it, too.

Watch the video clip below to catch the conversation. Can't watch? Download the podcast here.

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2021 was a turning point for public education in America. Remote learning revealed to parents what public schools were force-feeding their kids — everything from critical race theory to the existence of infinite genders — while performance in subjects like math and reading fell across the board.

Now, school boards and teachers' unions are facing a tidal wave of parents who want to take the reins back. But school wasn’t always like this. Glenn Beck takes us back to a time before the Department of Education and asks the question: “Are our schools getting better or worse?”

American Federation for Children senior fellow Corey DeAngelis joins to expose who’s actually benefitting from our public school system — and it’s not our kids. And former Secretary of Education under President Trump Betsy DeVos explains why it’s time to abolish the department she once headed, what stopped her from doing so, and how parents can make a big difference.

Watch the full episode of "Glenn TV" below:


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The Associated Press has issued a dire warning for abortion providers ahead of the Supreme Court's decision on Roe v. Wade.

According to an article titled "'Heightened alert’: Abortion providers brace for ruling," abortion clinics nationwide are expecting an increase in "protests, harassment, and other violence ... in states where abortion remains legal" if Roe v. Wade is overturned — as a draft opinion leaked in May suggested is likely to happen.

"On the night of last winter’s arguments before the U.S. Supreme Court in a case that could end the nationwide right to abortion, people gathered outside a clinic in New Jersey with lawn chairs, a cooler and a flaming torch — a sight that brought to mind lynchings and other horrors of the country’s racist past," the AP article began.

The article did go on to cite two incidents of extreme anti-abortion violence — "the 1993 killing of Dr. David Gunn outside a Florida abortion clinic [and] the 2015 fatal shooting of three people inside a Colorado Planned Parenthood." But there was almost no mention of the ongoing attacks on pregnancy crisis centers by pro-choice activists, including the violent group that calls itself "Jane’s Revenge."

On the radio program, Glenn Beck noted that the closest the current administration has come to calling out Jane’s Revenge was when the Department of Homeland Security published a terror advisory warning of crime on both sides of the Roe v. Wade debate earlier this month. But when was the last time you heard about violent attacks on pro-life centers in the corporate media? There have been several instances of violence by pro-choice proponents, and the Biden administration remains silent.

Watch the video below to hear more from Glenn Beck. Can't watch? Download the podcast here.

Want more from Glenn Beck?

To enjoy more of Glenn’s masterful storytelling, thought-provoking analysis, and uncanny ability to make sense of the chaos, subscribe to BlazeTV — the largest multi-platform network of voices who love America, defend the Constitution, and live the American dream.