Political Opinion: Who Creates Jobs?

In these days, we all wonder: who is in charge of creating jobs, Government or employers -- elected leaders seeking re-election, or Entrepreneurs, small business owners, or public employees? That's is one of the major questions of the day. TheFanNJ: Omar Dyer had to view this option after being told by elected leaders in Hudson County on who creates the jobs. So now we will have a countdown clock, and TheFanNJ will sit and wait until our government leaders can create the jobs, and who signs the paper work for the checks to be written.

Read Omar Dyer's Letter to Hudson County officials!

10/21/2011
Organization Letter
Coaches! 101 (PAC)
PO Box 4463
Jersey City NJ 07304


The economic woes of New Jersey are getting steeper, and leaders are making promises and demands they can’t generally keep. In a meeting in Jersey City, New Jersey: Council representative Radames Velasquez made a general statement: “We can create jobs, we know what we are doing, and we will create jobs.” And this comment was made when the Federal Energy Regulatory Commission had its general meeting on natural gas. Here’s the truth, local and state government can’t create jobs – they can only create rules and regulations, place sanctions or recommendations for such – local government can approve or deny facilitation of contracts. They are not and can’t create jobs – as local government shouldn’t be in the business of job creation.

I’m a small business owner, and if I wanted to add 100 more employees to my company – I would have to file in New Jersey: CBT: 100 – which is a corporation business tax return. And while filing for that return, you would have to pay a filing fee of $500 for each employee—whereas if you do your mathematics on this equation: 100 people times $500 is $5,000. On top of that, there’s a permit fee in local municipalities that would need to be addressed: and these fees are subjected to administrative rules and regulations. That’s another, $2,500 dollars in out of pocket expenses to just pay off the filing fees and administrative cost. Then you have to pay that dividend on payroll taxes, unemployment insurance, health insurance, life insurance, social security per employee which comes out to amount of 45% of projected revenue for 100 employees. All of this comes out on the fiscal numbers of $150,000 in operational cost for taxes on employment – which don’t include employee salaries and other compensations.

And for me to reach my height in a demand to expand my business – I would need to file on the federal level with the Internal Revenue Service a 1120(PL), an 1120(S), a f2441, apply and qualify for the Federal TTRA so my small business can file a f8885, and 3800.

Now if an investor wanted to invest in my small business – which also helps raise revenue for my small business—(me) I don’t know what the other business have to file is an 8038, which includes 8038 (TC, R T) and then have state and local monitoring boards approve of the filings. This would have to be done in order, to hire 100 people.

That’s just for operational cost that includes actual employment; it has nothing to do with needed manufacturing cost—which is office supplies, cost of production services, and executive compensation. And in the federal rulings – operational cost of manufacturing are not taxable source for a credit or deduction. That means, it would have to come from private equity – and since banks need insurances, that their funds are going to be replenished a small business would need to know, who’s going to pay for these non-employment expenses: Government.
If so, I am waiting for Jersey City Councilman Radames Velasquez, and Mayor Jerramiah Healy, to write me a check for $150,000 in order to create 100 jobs, for my company.

Since, it’s these leaders that are making general statements in public – that are directed to my small business, which is an advocacy group – non-profit company, about who and how jobs are created. Then they should be held accountable for the statements they make in public – as if they know what is best for their communities, and then they should compensate business and people, for the working demands. Our program has been on a waiver from the federal government for two years: and you do pay waiver fees – which means, we are $14004 in filing fees, for a contract that is $150,000 waiting to be approved. So who is going to repay, my company the $14004 already paid to the federal government for a contract that has been worked on worth $150,000 in operational cost on actual employment?

This is the major problem when leaders are trying to make political statements, in public for political gain – without knowing the details of the facts. These leaders have never had a private job—or owned a private company. Not a CBG company: which is a community block grant – a private company in the finance world that deals with everything that I am talking about? And when these leaders can say, they are more equipped to program these events, and then pay me $150,000 to offset my cost, and allow leaders in government to help me create 100 jobs for people unemployed. And since 6,000 people in Jersey City New Jersey is currently not employed: I will have a countdown clock waiting for the $150,000 check from Jersey City, New Jersey – that will create jobs, because you guys are the leaders, you guys knows what is best and you’re the government, you can create the jobs. So here are my forms, and regulations – plus what I have already paid: can you please tell my unemployed residents – which you’re job creators for, and not small business and entrepreneurs—when will I get my check, so there can be actual employment.