Tuesday, September 21, 2021

A Democratic plan to wipe out independent contractors

The goal of this plan is ultimately to force independent contractors in all 50 states to become employees for federal unemployment tax purposes.

Today, millions of American workers operate as independent contractors instead of employees.

If the plan becomes law, countless businesses would be forced to pay new taxes to continue to use independent contractors.

Their state adopted the restrictive ABC Test in 2019 to convert millions of independent contractors into employees.

Instead of businesses treating independent contractors as employees after the law was enacted, tens of thousands of contractors lost work.

To avoid this, the Wyden Plan must embrace one simple fact: Independent workers in all corners of our economy are satisfied with their choice to be independent.

A similar survey of insurance and financial professionals by NAIFA found that 95 percent of these workers who operate as independent contractors want to remain so.

https://www.msn.com/en-us/news/politics/a-democratic-plan-to-wipe-out-independent-contractors/ar-AAOD9Er?ocid=msedgntp 

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