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.

 

We've heard a lot about critical race theory lately, and for good reason: It's a racist ideology designed to corrupt our children and undermine our American values. But most of what we see are the results of a process that has been underway for decades. And that's not something the mainstream media, the Democrat Party, and even teachers unions want you to know. They're doing everything in their power to try and convince you that it's no big deal. They want to sweep everything under the rug and keep you in the dark. To fight it, we need to understand what fuels it.

On his Wednesday night special this week, Glenn Beck exposes the deep-seated Marxist origins of CRT and debunks the claims that it's just a harmless term for a school of legal scholarship. Newsweek opinion editor Josh Hammer joins to argue why we must ban critical race theory from our schools if we want to save a very divided nation.

Watch the full "Glenn TV" episode below:

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On the radio program Monday, Glenn Beck blasted the Democrats — and anyone else on the left — who have been so eager to open our southern U.S. border for the past several months, but also willing to turn a blind eye to the Cuban people in need of help today.

"While we are welcoming people from any country, all over the world, without any kind of information, and setting them into our country, putting them on American planes paid for by American taxpayers," Glenn began. "And our Coast Guard Cutters are turning these [Cuban] people away. Shame on you! Shame on you!"

Glenn said that he's "sick and tired" of hearing about "brave" leftist activists like Colin Kaepernick, who protest the America flag while wearing Che Guevara and Fidel Castro t-shirts. Meanwhile, the Cuban people are risking their lives by taking to the sea to escape their oppressive regime and come to America.

"Anybody who glorifies Che doesn't know their ass from their elbow. You can't call them a human rights activist. You're protesting the American flag, because you so deeply believe in the right to be free? And yet, you wear a Che T-shirt?" Glenn said.

Glenn went on to argue that, even though the left has "bastardized" the meaning of our country, he still believes America is the best nation on Earth. In fact, he'd give up his citizenship "in a heartbeat" if another country could prove to be better, more noble, and more free. But no other nation exists like ours, he said, which is why it's so imperative we fight for freedom here, in Cuba, and around the world.

Watch the video clip below to hear Glenn explain:

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There's a new "reality" spreading, and the mere act of questioning it has become incredibly dangerous, Wall Street Journal investigative journalist Abigail Shrier told Glenn on the most recent episode of "The Glenn Beck Podcast."

Shrier's book, "Irreversible Damage: The Transgender Craze Seducing Our Daughters," exposes the radical gender activism that — like critical race theory — has overtaken our children's schools and culture. But even worse, she warned, it could end your parental rights for good.

Shrier made it clear she is by no means "anti-trans," but simply speaking up against the extremes of this new "reality" has made her enemy No. 1 to many activists. Her book has been bashed so hard by the Left that Target has stopped selling it twice, Amazon once banned ads for it, and the American Booksellers Association even called sending it to others "a serious, violent incident."

In the clip below, Shrier explained why she believes "there may be no hope for the public school system."

"You have teachers behaving like activists across the country who have no interest in actually teaching. They believe their job is to remake your child," she asserted. "We're seeing so much evidence of that, I think it's fair to say that it may be too deeply rooted in the ideology being taught in public school. I'm not sure that the public school system is redeemable at this point."

Watch the video clip below for more or find the full podcast with Abigail Shrier here:

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What is actually in Texas' new GOP-led voting bill? Nearly every Texas House Democrat fled the state to block its passage, calling it racist and oppressive, and President Joe Biden backed them as well.

But Texas Gov. Greg Abbott (R) joined Glenn Beck on the radio program Friday to set the record straight and call out the lies: All of these claims are "completely false." He also explained his promise to "arrest" the Texas House Democrats when they return to the Lone Star State.

"What is in the bill is completely different than what they're saying, what Kamala Harris is saying, what President Biden is saying. What's in the bill actually increases the number of hours that people have to vote in the state of Texas. In the state of Texas, we have at least 12 days of early voting, and we are adding hours to those days. And on top of that, we are giving people time off from work to be able to vote. Bottom line, we're making it easier to vote in the state of Texas," Gov Abbott explained.

"In comparison, Delaware — the state that President Biden votes in — has exactly zero hours of early voting," he added. "That said, there is one thing that we're doing in the state of Texas, and that is we're making sure we tighten the reins on mail-in ballots that can lead to voter fraud. And it's not me saying that. It's a federal judge, appointed by Barack Obama, in Corpus Christi, Texas, who wrote in a legal opinion that voter fraud occurs, quote, in abundance as it concerns mail-in ballots. We know. Texans know. There is fraud in mail-in ballots in the state of Texas. It must be fixed. That's one thing we're trying to do. That being said, all these claims that we're denying people the right to vote and yada, yada, yada, are completely false."

Abbott went on to discuss the much-debated voter ID laws in Texas and to explain why Democrats insist on calling basic voter ID requirements "racist."

"When Democrats do not have truth on their side, they resort to one single word and that is 'racism' ... Texas implemented voter ID almost a decade ago, and when we went through that fight, what word did they use? Racism," he said. "Guess what? After Texas imposed voter ID requirements in the state of Texas, there have been more people voting and more people of color who went to vote. Voting didn't get harder. It got easier and more abundant in the state of Texas. And so, once again, Democrats have absolutely no legal standing, other than to say, 'racism.'"

Glenn asked Gov. Abbott to explain his pledge to "arrest" the Democratic lawmakers that fled once they return to Texas.

"Let me explain how this works. So, whenever there is a break of quorum, which is what is happening now — meaning there is not a sufficient number of people who are showing up to the Texas House of Representatives for the Texas House to engage in business. Whenever there's a quorum break like that, the House issues what's called a 'call on the House.' And when that happens, the sergeant-at-arms is authorized to work with the Texas Department of Public Safety, to — you can call it arrest, apprehend, whatever you want to call it — any of the members who are not in the Texas House of Representatives and bring them to the Texas House where they will be 'cabined' with no ability to leave the Texas House chamber, without a permission slip from the speaker."

Watch the video clip below for more details:

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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.