Business Services Industry
Reforming worker classification rules high on Democrats' tax to-do list.
Kiplinger Tax Letter, The, November, 2007
High on the Democrats' tax to-do list:
Reforming worker classification rules to make it easier for IRS to go after firms that treat workers as independent contractors who really are employees for tax purposes.
They see a chance to reduce the tax gap because employees report a much larger portion of their earned income than do contractors. And businesses that misclassify their workers as contractors avoid payroll taxes they'd owe.
Even Clinton and Obama agree on this. Sens. Hillary Clinton (D-NY) and Barack Obama (D-IL) may attack each other on the campaign trail, but they've teamed up on a new reform proposal.
The consensus on this issue makes passage a safe bet before long, especially if Democrats control both Congress and the White...
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