Estimates show average income reduced $1000/month/employee, equating to $790 million/month in lost income, and $239 million/month lost payroll taxes. Lost income impacts all avenues of our economy; no eating out, no major purchases, etc. This leads to job loss across several industries as no customers mean not as many employees needed. All at a time when our economy is turning around and unemployment declining. Finally, the reduction in payroll taxes is counterproductive to the reason for the lay-off. It is impossible to pay down national debt with savings when we decrease revenue. Further, diminished social security and medicare taxes result in lower amounts available for these programs. As Commander-in-Chief, we urge you to take action now to halt a bad program before it starts.



